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MARKET OUTLOOKMOTHERSONSTOCK OUTLOOK

MOTHERSON Outlook for the Week (August 07, 2023 – August 11, 2023)

MOTHERSON closed the previous week on a negative note losing 5.45%.

Technically, MOTHERSON share price will see immediate support at 94.43 and immediate resistance would be seen at 99.93.

If MOTHERSON share price closes below immediate support of 94.43, then sharp breakdown can be seen. MOTHERSON share price will see major support at 92.17 for the week.

On the positive side, immediate resistance will be seen at 99.93. Closing above 99.93, MOTHERSON share price will see a sharp breakout. Major resistance for MOTHERSON share price will be seen at 103.17 for the week.

Trading range for MOTHERSON share price for this week should be between 88.93 on down side and 105.43 on up side.

MOTHERSON Previous Week High: 100.9

MOTHERSON Previous Week Low: 95.4

MOTHERSON Previous Week Range: 5.5 Points

MOTHERSON share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 105.43
Resistance 2 103.17
Resistance 1 99.93
Support 1 94.43
Support 2 92.17
Support 3 88.93

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