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M&MMARKET OUTLOOKSTOCK OUTLOOK

M&M Outlook for the Week (October 23, 2023 – October 27, 2023)

M&M
M&M
M&M closed the previous week on a negative note losing 2.45%.

Technically, M&M share price will see immediate support at 1,540.93 and immediate resistance would be seen at 1,579.73.

If M&M share price closes below immediate support of 1,540.93, then sharp breakdown can be seen. M&M share price will see major support at 1,523.62 for the week.

On the positive side, immediate resistance will be seen at 1,579.73. Closing above 1,579.73, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,601.22 for the week.

Trading range for M&M share price for this week should be between 1,502.13 on down side and 1,618.53 on up side.

M&M Previous Week High: 1583.9

M&M Previous Week Low: 1545.1

M&M Previous Week Range: 38.8 Points

M&M share price support and resistance for the week (October 23, 2023 – October 27, 2023)

Level Type Value
Resistance 3 1,618.53
Resistance 2 1,601.22
Resistance 1 1,579.73
Support 1 1,540.93
Support 2 1,523.62
Support 3 1,502.13
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