MGL Outlook for the Week (December 23, 2024 – December 27, 2024)
Mahanagar Gas closed the previous week on a negative note losing -6.64%.
Technically, Mahanagar Gas share price will see immediate support at 1,180.33 and immediate resistance would be seen at 1,279.88.
If Mahanagar Gas share price closes below immediate support of 1,180.33, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,145.37 for the week.
On the positive side, immediate resistance will be seen at 1,279.88. Closing above 1,279.88, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,344.47 for the week.
Trading range for Mahanagar Gas share price for this week should be between 1,080.78 on down side and 1,379.43 on up side.
Mahanagar Gas Previous Week Open: 1301.75
Mahanagar Gas Previous Week High: 1309.5
Mahanagar Gas Previous Week Low: 1209.95
Mahanagar Gas Previous Week Close: 1215.3
Mahanagar Gas Previous Week Range: 99.55 Points
Mahanagar Gas share price support and resistance for the week (December 23, 2024 - December 27, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 1,379.43 |
| Resistance 2 | 1,344.47 |
| Resistance 1 | 1,279.88 |
| Support 1 | 1,180.33 |
| Support 2 | 1,145.37 |
| Support 3 | 1,080.78 |
