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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (January 29, 2024 – February 02, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 6.02%.

Technically, Mahanagar Gas share price will see immediate support at 1,322.80 and immediate resistance would be seen at 1,406.25.

If Mahanagar Gas share price closes below immediate support of 1,322.80, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,271.45 for the week.

1400.001400.001350.001350.001300.001300.001250.001250.001200.001200.001150.001150.001100.001100.00Dec 14Dec 14Dec 19Dec 19Dec 22Dec 22Dec 28Dec 28Jan 2Jan 2Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Reversal Level 1321.77BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,406.25. Closing above 1,406.25, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,438.35 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,239.35 on down side and 1,489.70 on up side.

Mahanagar Gas Previous Week High: 1387

Mahanagar Gas Previous Week Low: 1303.55

Mahanagar Gas Previous Week Range: 83.45 Points

Mahanagar Gas share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 1,489.70
Resistance 2 1,438.35
Resistance 1 1,406.25
Support 1 1,322.80
Support 2 1,271.45
Support 3 1,239.35
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