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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (December 25, 2023 – December 29, 2023)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 6.92%.

Technically, Mahanagar Gas share price will see immediate support at 1,146.98 and immediate resistance would be seen at 1,231.43.

If Mahanagar Gas share price closes below immediate support of 1,146.98, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,099.27 for the week.

1250.001250.001200.001200.001150.001150.001100.001100.001050.001050.001000.001000.00Nov 10Nov 10Nov 15Nov 15Nov 20Nov 20Nov 23Nov 23Nov 29Nov 29Dec 4Dec 4Dec 7Dec 7Dec 12Dec 12Dec 15Dec 15Dec 20Dec 20Reversal Level 1201.38BuySellSell

On the positive side, immediate resistance will be seen at 1,231.43. Closing above 1,231.43, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,268.17 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,062.53 on down side and 1,315.88 on up side.

Mahanagar Gas Previous Week High: 1220.45

Mahanagar Gas Previous Week Low: 1136

Mahanagar Gas Previous Week Range: 84.45 Points

Mahanagar Gas share price support and resistance for the week (December 25, 2023 – December 29, 2023)

Level Type Value
Resistance 3 1,315.88
Resistance 2 1,268.17
Resistance 1 1,231.43
Support 1 1,146.98
Support 2 1,099.27
Support 3 1,062.53
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