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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (February 05, 2024 – February 09, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 8.82%.

Technically, Mahanagar Gas share price will see immediate support at 1,400.42 and immediate resistance would be seen at 1,534.07.

If Mahanagar Gas share price closes below immediate support of 1,400.42, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,323.88 for the week.

1550.001550.001500.001500.001450.001450.001400.001400.001350.001350.001300.001300.001250.001250.001200.001200.001150.001150.001100.001100.00Dec 21Dec 21Dec 27Dec 27Jan 1Jan 1Jan 4Jan 4Jan 9Jan 9Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Reversal Level 1442.70BuyBuySell

On the positive side, immediate resistance will be seen at 1,534.07. Closing above 1,534.07, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,591.18 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,266.77 on down side and 1,667.72 on up side.

Mahanagar Gas Previous Week High: 1514.65

Mahanagar Gas Previous Week Low: 1381

Mahanagar Gas Previous Week Range: 133.65 Points

Mahanagar Gas share price support and resistance for the week (February 05, 2024 – February 09, 2024)

Level Type Value
Resistance 3 1,667.72
Resistance 2 1,591.18
Resistance 1 1,534.07
Support 1 1,400.42
Support 2 1,323.88
Support 3 1,266.77
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