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By EquityPandit

MARKET OUTLOOKMUTHOOTFINSTOCK OUTLOOK

Muthoot Finance Outlook for the Week (August 28, 2023 – September 01, 2023)

Muthoot Finance
Muthoot Finance
Muthoot Finance closed the previous week on a negative note losing 3.81%.

Technically, Muthoot Finance share price will see immediate support at 1,231.80 and immediate resistance would be seen at 1,280.30.

If Muthoot Finance share price closes below immediate support of 1,231.80, then sharp breakdown can be seen. Muthoot Finance share price will see major support at 1,204.15 for the week.

1380.001380.001360.001360.001340.001340.001320.001320.001300.001300.001280.001280.001260.001260.001240.001240.001220.001220.00Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Aug 14Aug 14Aug 18Aug 18Aug 23Aug 23Reversal Level 1276.57Sell

On the positive side, immediate resistance will be seen at 1,280.30. Closing above 1,280.30, Muthoot Finance share price will see a sharp breakout. Major resistance for Muthoot Finance share price will be seen at 1,301.15 for the week.

Trading range for Muthoot Finance share price for this week should be between 1,183.30 on down side and 1,328.80 on up side.

Muthoot Finance Previous Week High: 1273.5

Muthoot Finance Previous Week Low: 1225

Muthoot Finance Previous Week Range: 48.5 Points

Muthoot Finance share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 1,328.80
Resistance 2 1,301.15
Resistance 1 1,280.30
Support 1 1,231.80
Support 2 1,204.15
Support 3 1,183.30

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