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By EquityPandit

MARKET OUTLOOKMGLSTOCK OUTLOOK

Mahanagar Gas Outlook for the Week (September 25, 2023 – September 29, 2023)

Mahanagar Gas
Mahanagar Gas
Mahanagar Gas closed the previous week on a negative note losing 5.08%.

Technically, Mahanagar Gas share price will see immediate support at 999.25 and immediate resistance would be seen at 1,053.30.

If Mahanagar Gas share price closes below immediate support of 999.25, then sharp breakdown can be seen. Mahanagar Gas share price will see major support at 977.90 for the week.

1080.001080.001060.001060.001040.001040.001020.001020.001000.001000.00980.00980.00960.00960.00Aug 10Aug 10Aug 16Aug 16Aug 21Aug 21Aug 24Aug 24Aug 29Aug 29Sep 1Sep 1Sep 6Sep 6Sep 11Sep 11Sep 14Sep 14Sep 20Sep 20Reversal Level 1044.32BuyBuySellSell

On the positive side, immediate resistance will be seen at 1,053.30. Closing above 1,053.30, Mahanagar Gas share price will see a sharp breakout. Major resistance for Mahanagar Gas share price will be seen at 1,086.00 for the week.

Trading range for Mahanagar Gas share price for this week should be between 945.20 on down side and 1,107.35 on up side.

Mahanagar Gas Previous Week High: 1064.65

Mahanagar Gas Previous Week Low: 1010.6

Mahanagar Gas Previous Week Range: 54.05 Points

Mahanagar Gas share price support and resistance for the week (September 25, 2023 – September 29, 2023)

Level Type Value
Resistance 3 1,107.35
Resistance 2 1,086.00
Resistance 1 1,053.30
Support 1 999.25
Support 2 977.90
Support 3 945.20

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