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MAZDOCK

Stock Analysis – Mazagon Dock Shipbuilders Ltd (MAZDOCK)📅 Date: January 30, 2025 📊 Timeframe: Daily Chart 📌 Market Snapshot Change: +147.80 points (+6.29%) 🔴 Key Resistance Zones (Above Current Price) 🚀 2,560.68 – Immediate resistance 🚀 2,622.87 – Major resistance 🚀 2,730.73 – Long-term resistance 🟢 Key Support Zones (Below Current Price) 🔻 2,390.63 – Significant support 🔻 2,282.77 – Major support zone 🔻 2,220.58 – Strong historical support 📈 Candlestick Patterns Recent Pattern: Strong bullish candle 🔥 Volume Volume: 5.59M (compared to 2.95M, indicating strong participation and interest) 📊 Trend Analysis Current Trend: Uptrend Momentum Indicator: RSI Breakout 🚀 Conclusion Mazagon Dock Shipbuilders Ltd is showing strong bullish momentum with a notable RSI breakout and an increase in volume, indicating robust participation. The stock is currently trending upwards, with key resistance levels in sight. Watch for price action near these resistance zones to gauge the sustainability of the trend. Could Mazagon Dock sustain its rally and breach the next resistance levels, or will it encounter selling pressure that brings it back toward its support zones?
NSE:MAZDOCKLong
by ruelfernandes
MAZDOCK Short Trade Smashes TP1—More Targets Await!MAZDOCK (15m time frame), Short Trade Entry: ₹4,451.90 Current Price: ₹4,205.85 TP1 Hit, Waiting for Lower Targets Key Levels: Entry: ₹4,451.90 – Positioned after confirmation of bearish trend on the 15m time frame, supported by price moving below the Risological Dotted Trendline. Stop-Loss (SL): ₹4,650.95 – Placed above recent resistance levels to manage risk in case of reversal. Take Profit 1 (TP1): ₹4,205.85 – Already hit, confirming downward momentum. Take Profit 2 (TP2): ₹3,807.75 – Next target, indicating further potential bearish continuation. Take Profit 3 (TP3): ₹3,409.65 – Further downside target as selling pressure builds. Take Profit 4 (TP4): ₹3,163.60 – Final target for extended bearish trend. Trend Analysis: The price has decisively broken below support and maintained its position under the Risological Dotted Trendline, confirming strong selling pressure. After TP1 was hit, the trade shows continuation of bearish momentum, with further targets likely to be reached as the trend develops.
NSE:MAZDOCKShort
by ProfitsNinja
MAZDOCK Breakout ReadyMazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth & revenue to its shareholders. The company has a strong order book which gives it a fundamental boost to be a good pick for the long term. Coming to the charts, the stock has formed a triangle pattern that can give an aggressive breakout in the days to come. The daily RSI is trending around 50 which can give it a boost as its a sign that the momentum of the stock has not yet exhausted. The stock is also outperforming NIFTY which makes it a favorable pick.
NSE:MAZDOCKLong
by nikhilchhabra