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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (May 13, 2024 – May 17, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 12.95%.

Technically, Mahanagar Gas share price will see immediate support at 1,223.58 and immediate resistance would be seen at 1,410.53.

If Mahanagar Gas share price closes below immediate support of 1,223.58, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,146.82 for the week.

1500.001500.001450.001450.001400.001400.001350.001350.001300.001300.001250.001250.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 1352.19BuySell

On the positive side, immediate resistance will be seen at 1,410.53. Closing above 1,410.53, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,520.72 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,036.63 on down side and 1,597.48 on up side.

Mahanagar Gas Previous Week High: 1443.95

Mahanagar Gas Previous Week Low: 1257

Mahanagar Gas Previous Week Range: 186.95 Points

Mahanagar Gas share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 1,597.48
Resistance 2 1,520.72
Resistance 1 1,410.53
Support 1 1,223.58
Support 2 1,146.82
Support 3 1,036.63
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