Signals, Powered By EquityPandit
M&M closed the previous week on a negative note losing 5.06%.Technically, M&M share price will see immediate support at 1,498.27 and immediate resistance would be seen at 1,577.12.
If M&M share price closes below immediate support of 1,498.27, then sharp breakdown can be seen. M&M share price will see major support at 1,450.08 for the week.
On the positive side, immediate resistance will be seen at 1,577.12. Closing above 1,577.12, M&M share price will see a sharp breakout. Major resistance for M&M share price will be seen at 1,607.78 for the week.
Trading range for M&M share price for this week should be between 1,419.42 on down side and 1,655.97 on up side.
M&M Previous Week High: 1559.6
M&M Previous Week Low: 1480.75
M&M Previous Week Range: 78.85 Points
M&M share price support and resistance for the week (August 14, 2023 – August 18, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 1,655.97 |
| Resistance 2 | 1,607.78 |
| Resistance 1 | 1,577.12 |
| Support 1 | 1,498.27 |
| Support 2 | 1,450.08 |
| Support 3 | 1,419.42 |
