Mahanagar Gas Ltd stock forum
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Resistance 1280 Watching above 1282 for upside movement...
Support area 1250 Below 1260 ignoring upside momentum for intraday
Watching below 1248 or downside movement...
Above 1260 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,

Here are the support and resistance levels for Mahanagar Gas Limited (MGL)
(INR):
1-Hour Timeframe
Support Levels:
₹1,846.10
₹1,793.00
Resistance Levels:
₹1,888.95
₹1,900.00
4-Hour Timeframe
Support Levels:
₹1,800.00
₹1,750.00
Resistance Levels:
₹1,920.00
₹1,950.00

Support Levels:
1. Support Level 1: 1127.40 INR
2. Support Level 2: 1113.80 INR
Resistance Levels:
1. Resistance Level 1: 1141.00 INR
2. Resistance Level 2: 1154.97 INR

6 minutes ago
For Mahanagar Gas Ltd (MGL), here are the key support and resistance levels based on recent data:
1 DAY Timeframe:
Resistance Levels:
R1: ₹1,912.15
R2: ₹1,943.00
Support Levels:
S1: ₹1,846.10
S2: ₹1,793.00

MGL (Moving Averages) and Support/Resistance (S/R) are two fundamental concepts in technical analysis. Here's a brief overview of each:
Moving Averages (MGL):
A Moving Average (MA) is a trend-following indicator that smooths out price action by calculating the average price over a specified period.
For Mahanagar Gas Ltd (MGL), currently trading around ₹1,842.351, here are the key levels to watch on a 4-hour timeframe:
Support Level: Around ₹1,800
Resistance Level: Around ₹1,900

sell
MGL 1787 tgt