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M&MMARKET OUTLOOKSTOCK OUTLOOK

M&M Outlook for the Week (December 18, 2023 – December 22, 2023)

M&M
M&M
M&M closed the previous week on a negative note losing 6.50%.

Technically, M&M share price will see immediate support at 1,654.43 and immediate resistance would be seen at 1,767.53.

If M&M share price closes below immediate support of 1,654.43, then sharp breakdown can be seen. M&M share price will see major support at 1,583.92 for the week.

On the positive side, immediate resistance will be seen at 1,767.53. Closing above 1,767.53, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,810.12 for the week.

Trading range for M&M share price for this week should be between 1,541.33 on down side and 1,880.63 on up side.

M&M Previous Week High: 1739.6

M&M Previous Week Low: 1626.5

M&M Previous Week Range: 113.1 Points

M&M share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 1,880.63
Resistance 2 1,810.12
Resistance 1 1,767.53
Support 1 1,654.43
Support 2 1,583.92
Support 3 1,541.33
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