MGL // Levels // 4H

"Welcome to SkyTradingZone "

Hello Everyone 👋

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