Mazagaon Dock Shipbuilders -Bearish Trend Analysis (post split)
Mazagaon Dock Shipbuilders – Bearish Trend Analysis
Key Observations: Stock Split Impact: Post-stock split, prices typically adjust to half their swing high, and profit booking has led to a 10-16% correction from recent highs.
Current Trend: A clear downtrend is visible, with lower highs and lower lows forming.
Trade Setup:
Entry Zone: ₹2,236.75
Stop Loss: ₹2,344.95
Targets:
TP1: ₹2,064.15
TP2: ₹1,990.50
TP3: ₹1,934.15
( Reward / Risk = ₹302.60 / ₹108.20 = 2.80:1 )
This means you are risking ₹1 to potentially gain ₹2.80, which is a favorable ratio for this trade.
Disclaimer:
This analysis is for educational purposes only. I am not SEBI-registered. Trade responsibly, and always conduct your research.thanks
like,share & subscribe my youtue channel Alpha_strike_trader
Key Observations: Stock Split Impact: Post-stock split, prices typically adjust to half their swing high, and profit booking has led to a 10-16% correction from recent highs.
Current Trend: A clear downtrend is visible, with lower highs and lower lows forming.
Trade Setup:
Entry Zone: ₹2,236.75
Stop Loss: ₹2,344.95
Targets:
TP1: ₹2,064.15
TP2: ₹1,990.50
TP3: ₹1,934.15
( Reward / Risk = ₹302.60 / ₹108.20 = 2.80:1 )
This means you are risking ₹1 to potentially gain ₹2.80, which is a favorable ratio for this trade.
Disclaimer:
This analysis is for educational purposes only. I am not SEBI-registered. Trade responsibly, and always conduct your research.thanks
like,share & subscribe my youtue channel Alpha_strike_trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.