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MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (May 20, 2024 – May 24, 2024)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 4.97%.

Technically, Mahanagar Gas share price will see immediate support at 1,280.33 and immediate resistance would be seen at 1,346.73.

If Mahanagar Gas share price closes below immediate support of 1,280.33, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 1,241.72 for the week.

1500.001500.001450.001450.001400.001400.001350.001350.001300.001300.001250.001250.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 1352.19BuySell

On the positive side, immediate resistance will be seen at 1,346.73. Closing above 1,346.73, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,374.52 for the week.

Trading range for Mahanagar Gas share price for this week should be between 1,213.93 on down side and 1,413.13 on up side.

Mahanagar Gas Previous Week High: 1335.9

Mahanagar Gas Previous Week Low: 1269.5

Mahanagar Gas Previous Week Range: 66.4 Points

Mahanagar Gas share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 1,413.13
Resistance 2 1,374.52
Resistance 1 1,346.73
Support 1 1,280.33
Support 2 1,241.72
Support 3 1,213.93
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