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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