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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (January 22, 2024 – January 26, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 7.78%.

Technically, Mahanagar Gas share price will see immediate support at 1,262.60 and immediate resistance would be seen at 1,367.20.

If Mahanagar Gas share price closes below immediate support of 1,262.60, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,199.20 for the week.

1350.001350.001300.001300.001250.001250.001200.001200.001150.001150.001100.001100.00Dec 8Dec 8Dec 13Dec 13Dec 18Dec 18Dec 21Dec 21Dec 27Dec 27Jan 1Jan 1Jan 4Jan 4Jan 9Jan 9Jan 12Jan 12Jan 17Jan 17Reversal Level 1290.56BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,367.20. Closing above 1,367.20, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,408.40 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,158.00 on down side and 1,471.80 on up side.

Mahanagar Gas Previous Week High: 1345

Mahanagar Gas Previous Week Low: 1240.4

Mahanagar Gas Previous Week Range: 104.6 Points

Mahanagar Gas share price support and resistance for the week (January 22, 2024 – January 26, 2024)

Level Type Value
Resistance 3 1,471.80
Resistance 2 1,408.40
Resistance 1 1,367.20
Support 1 1,262.60
Support 2 1,199.20
Support 3 1,158.00
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