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M&M closed the previous week on a negative note losing 5.87%.Technically, M&M share price will see immediate support at 1,418.93 and immediate resistance would be seen at 1,507.18.
If M&M share price closes below immediate support of 1,418.93, then sharp breakdown can be seen. M&M share price will see major support at 1,373.22 for the week.
On the positive side, immediate resistance will be seen at 1,507.18. Closing above 1,507.18, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,549.72 for the week.
Trading range for M&M share price for this week should be between 1,330.68 on down side and 1,595.43 on up side.
M&M Previous Week High: 1504
M&M Previous Week Low: 1415.75
M&M Previous Week Range: 88.25 Points
M&M share price support and resistance for the week (August 07, 2023 – August 11, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 1,595.43 |
| Resistance 2 | 1,549.72 |
| Resistance 1 | 1,507.18 |
| Support 1 | 1,418.93 |
| Support 2 | 1,373.22 |
| Support 3 | 1,330.68 |
