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By EquityPandit

MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (October 23, 2023 – October 27, 2023)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 11.50%.

Technically, Mahanagar Gas share price will see immediate support at 982.37 and immediate resistance would be seen at 1,114.87.

If Mahanagar Gas share price closes below immediate support of 982.37, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 934.68 for the week.

1160.001160.001140.001140.001120.001120.001100.001100.001080.001080.001060.001060.001040.001040.001020.001020.001000.001000.00Sep 7Sep 7Sep 12Sep 12Sep 15Sep 15Sep 21Sep 21Sep 26Sep 26Sep 29Sep 29Oct 5Oct 5Oct 10Oct 10Oct 13Oct 13Oct 18Oct 18Reversal Level 1104.14BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,114.87. Closing above 1,114.87, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,199.68 for the week.

Trading range for Mahanagar Gas share price for this week should be between 849.87 on down side and 1,247.37 on up side.

Mahanagar Gas Previous Week High: 1152

Mahanagar Gas Previous Week Low: 1019.5

Mahanagar Gas Previous Week Range: 132.5 Points

Mahanagar Gas share price support and resistance for the week (October 23, 2023 – October 27, 2023)

Level Type Value
Resistance 3 1,247.37
Resistance 2 1,199.68
Resistance 1 1,114.87
Support 1 982.37
Support 2 934.68
Support 3 849.87
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