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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (February 12, 2024 – February 16, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 7.33%.

Technically, Mahanagar Gas share price will see immediate support at 1,424.83 and immediate resistance would be seen at 1,538.73.

If Mahanagar Gas share price closes below immediate support of 1,424.83, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,375.67 for the week.

1600.001600.001550.001550.001500.001500.001450.001450.001400.001400.001350.001350.001300.001300.001250.001250.001200.001200.001150.001150.00Dec 29Dec 29Jan 3Jan 3Jan 8Jan 8Jan 11Jan 11Jan 16Jan 16Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Reversal Level 1464.54BuyBuySell

On the positive side, immediate resistance will be seen at 1,538.73. Closing above 1,538.73, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,603.47 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,310.93 on down side and 1,652.63 on up side.

Mahanagar Gas Previous Week High: 1554.3

Mahanagar Gas Previous Week Low: 1440.4

Mahanagar Gas Previous Week Range: 113.9 Points

Mahanagar Gas share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 1,652.63
Resistance 2 1,603.47
Resistance 1 1,538.73
Support 1 1,424.83
Support 2 1,375.67
Support 3 1,310.93
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