Mazagon Dock Shipbuilders Ltd. - Stock AnalysisDate : 17-Sep-2025
LTP : Rs. 2,997
Technical View:
• NSE:MAZDOCK is in primary uptrend since Apr 2024 and was recently going through it's secondary downtrend within the primary uptrend.
• From it's all time high of 3,775 on 29-May-2025, it has retraced 31% to 2,589 on 1-Sep-2025 which is also close to Fibonacci retracement level 0.786 placed at 2,537.
• NSE:MAZDOCK has breakout from it's secondary downtrend on 10-Sep-2025. Volume has also increased in last few sessions.
• NSE:MAZDOCK has closed above 20 DEMA and 50 DEMA on 12-Sep-2025 and is trading above 20 DEMA and 50 DEMA since last few sessions.
• MACD has crossed over 0 and entered into bullish zone. It is trading at 29.87.
• RSI has crossed over 50 and trading in buy zone at 67.54.
• Both MACD and RSI are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.
• Resistance Levels : (R1) Rs. 3,369 --> (R2) Rs. 3,775 --> (R3) Rs. 4,500
• Support Level : Rs. 2,589
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Mazagondockship
Mazagon Dock Shipbuilders Ltd. - Breakout OpportunityDate : 5-Dec-2024
LTP : Rs. 4,880.70
Targets: (T1) Rs. 5,545 --> (T2) Rs. 5,860 --> (T3) Rs. 7,100
SL : Rs. 4,245
Technical View:
• NSE:MAZDOCK is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 5,860 on 5-Jul-2024, it has retraced 34% to 3,851.20 level.
• NSE:MAZDOCK has breakout from it's secondary downtrend with higher than average volume on 4-Dec-2024. This breakout is also supported by increased volume in last few sessions.
• NSE:MAZDOCK have formed double bottom pattern between 3,851.20 and 4,925 levels. Breaking 4,925 level will also give breakout from double bottom pattern.
• Company has fixed 27-Dec-2024 as record date for 2/1 stock split. Target levels can be revised post stock split.
• NSE:MAZDOCK is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 2-Dec-2024.
• RSI is in buy zone and trading at 71.93. MACD is bullish and trading at 135.74.
• Both RSI and MACD are showing positive divergence.
• Looking good to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Mazagon Dock cmp 4594.15 by Daily Chart view*Mazagon Dock cmp 4594.15 by Daily Chart view*
- Support Zone 3840 to 3920 Price Band
- Resistance Zone 4820 to 4960 Price Band
- Price Breakout above Falling Resistance Trendline
- Weekly Support at 4325 > 3920 > 3550 with Resistance at 4960 > 5265 > 5550 > ATH 5860
- *Decent probability maybe anticipated to breach across the Resistance Zone by the way the Volumes are building up over the past few days*