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M&MMARKET OUTLOOKSTOCK OUTLOOK

M&M Outlook for the Week (October 16, 2023 – October 20, 2023)

M&M
M&M
M&M closed the previous week on a negative note losing 3.84%.

Technically, M&M share price will see immediate support at 1,526.17 and immediate resistance would be seen at 1,586.57.

If M&M share price closes below immediate support of 1,526.17, then sharp breakdown can be seen. M&M share price will see major support at 1,489.88 for the week.

On the positive side, immediate resistance will be seen at 1,586.57. Closing above 1,586.57, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,610.68 for the week.

Trading range for M&M share price for this week should be between 1,465.77 on down side and 1,646.97 on up side.

M&M Previous Week High: 1574.4

M&M Previous Week Low: 1514

M&M Previous Week Range: 60.4 Points

M&M share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 1,646.97
Resistance 2 1,610.68
Resistance 1 1,586.57
Support 1 1,526.17
Support 2 1,489.88
Support 3 1,465.77
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