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By EquityPandit

MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (December 11, 2023 – December 15, 2023)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 9.69%.

Technically, Mahanagar Gas share price will see immediate support at 1,087.12 and immediate resistance would be seen at 1,201.27.

If Mahanagar Gas share price closes below immediate support of 1,087.12, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,018.48 for the week.

1180.001180.001160.001160.001140.001140.001120.001120.001100.001100.001080.001080.001060.001060.001040.001040.001020.001020.001000.001000.00980.00980.00Oct 27Oct 27Nov 1Nov 1Nov 6Nov 6Nov 9Nov 9Nov 13Nov 13Nov 17Nov 17Nov 22Nov 22Nov 28Nov 28Dec 1Dec 1Dec 6Dec 6Reversal Level 1130.69BuyBuySell

On the positive side, immediate resistance will be seen at 1,201.27. Closing above 1,201.27, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,246.78 for the week.

Trading range for Mahanagar Gas share price for this week should be between 972.97 on down side and 1,315.42 on up side.

Mahanagar Gas Previous Week High: 1178.15

Mahanagar Gas Previous Week Low: 1064

Mahanagar Gas Previous Week Range: 114.15 Points

Mahanagar Gas share price support and resistance for the week (December 11, 2023 – December 15, 2023)

Level Type Value
Resistance 3 1,315.42
Resistance 2 1,246.78
Resistance 1 1,201.27
Support 1 1,087.12
Support 2 1,018.48
Support 3 972.97
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{"buy_point":[{"en_ltd":"2023-12-01","en_sup_p_91":"1042.96","en_sup_t_91":"1040.06","prev_close":"1041.35","en_close":"1063.10","new_date":"Dec 1","prev_close_no":1041},{"en_ltd":"2023-10-31","en_sup_p_91":"1031.06","en_sup_t_91":"988.71","prev_close":"1017.15","en_close":"1032.40","new_date":"Oct 31","prev_close_no":1017}],"sell_point":[{"en_ltd":"2023-11-22","en_sup_p_91":"1029.97","en_sup_t_91":"1052.26","prev_close":"1037.05","en_close":"1023.40","new_date":"Nov 22","prev_close_no":1037}]}

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