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M&MMARKET OUTLOOKSTOCK OUTLOOK

M&M Outlook for the Week (January 01, 2024 – January 05, 2024)

M&M
M&M
M&M closed the previous week on a negative note losing 7.03%.

Technically, M&M share price will see immediate support at 1,656.60 and immediate resistance would be seen at 1,780.10.

If M&M share price closes below immediate support of 1,656.60, then sharp breakdown can be seen. M&M share price will see major support at 1,583.80 for the week.

On the positive side, immediate resistance will be seen at 1,780.10. Closing above 1,780.10, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,830.80 for the week.

Trading range for M&M share price for this week should be between 1,533.10 on down side and 1,903.60 on up side.

M&M Previous Week High: 1758

M&M Previous Week Low: 1634.5

M&M Previous Week Range: 123.5 Points

M&M share price support and resistance for the week (January 01, 2024 – January 05, 2024)

Level Type Value
Resistance 3 1,903.60
Resistance 2 1,830.80
Resistance 1 1,780.10
Support 1 1,656.60
Support 2 1,583.80
Support 3 1,533.10
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