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By EquityPandit

MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (December 04, 2023 – December 08, 2023)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 5.94%.

Technically, Mahanagar Gas share price will see immediate support at 1,026.53 and immediate resistance would be seen at 1,090.78.

If Mahanagar Gas share price closes below immediate support of 1,026.53, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 989.97 for the week.

1140.001140.001120.001120.001100.001100.001080.001080.001060.001060.001040.001040.001020.001020.001000.001000.00980.00980.00960.00960.00Oct 19Oct 19Oct 25Oct 25Oct 30Oct 30Nov 2Nov 2Nov 7Nov 7Nov 10Nov 10Nov 15Nov 15Nov 20Nov 20Nov 23Nov 23Nov 29Nov 29Reversal Level 1040.06BuySellSell

On the positive side, immediate resistance will be seen at 1,090.78. Closing above 1,090.78, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,118.47 for the week.

Trading range for Mahanagar Gas share price for this week should be between 962.28 on down side and 1,155.03 on up side.

Mahanagar Gas Previous Week High: 1081.9

Mahanagar Gas Previous Week Low: 1017.65

Mahanagar Gas Previous Week Range: 64.25 Points

Mahanagar Gas share price support and resistance for the week (December 04, 2023 – December 08, 2023)

Level Type Value
Resistance 3 1,155.03
Resistance 2 1,118.47
Resistance 1 1,090.78
Support 1 1,026.53
Support 2 989.97
Support 3 962.28
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