Inverse head and shoulder breakoutChart -> Mazdock Daily
Inverse head and shoulder breakout with volume!
CMP: 810
Good Range: 770 to 810
Target: 936
SL: 750 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
MAZDOCK
MAZDOCK: Strongly up to Breakout or testing stronger ResistanceMazagon Dock Shipbuilders Ltd
Slope of PC A1 is exact same to PC A2
And in terms of width, PC A2 is exactly of Half to PC A1
#WondersOfPC
Technicals:
• Strongly recovered after recent retracement
• Crossing strongly recent ATH of 888
• Taller green towers in volume indicating strong bullish view
• RSI is in 60 Zone
• Relative Strength is in green
Levels for position:
Entry-After closure above 910 level, enter at green opening on next day
(Any strong resistance here may lead to downside till the lower line of PC A1, and then upside)
ST Target-1080, then 1200+
Fundamentally strong business, good pick for Long term Portfolio
Mazdock - Monthly, Weekly, Daily time frame analysisRSI on Aug 29, 2022 - 85.63 / Closing price - 394.50
RSI on Oct 07, 2022 - 84.03 / Closing price - 632.95
Overstretched scenario, Rsi divergence on daily charts make an unfavorable RR.
If breaks the levels 594, next support @ 520/525 (11% roughly)
If holds the levels of 594/590, wait for next BO
Mazagon Dock Shipbuilders - Long Setup, Move is ON...#MAZDOCK gave an entry at 311.65 on breakout.
Has moved from 311.65 to 467.80 levels.
It is now trading above Resistance 3 of 453.
Next Resistance 4 is at 632.
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAZDOCK - Ichimoku Bullish Breakout Stock Name - Mazagon Dock Shipbuilders Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 468
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
MAZDOCK - Ichimoku Bullish Breakout Stock Name - MAZDOCK
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 418
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Breakout in Mazagon Dock Shipbuilders...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Breakout above channel will add momentum.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Intraday Trade: watch for resistance breakoutcan buy above 277 in Intraday keep sl at 272
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MAZAGON DOCK SHIPBUILD - InterestingThe stock is moving within a large Parallel Channel almost ready to break above.
Currently a flag formation and inside that a double bottom as well as an Inv Head and Shoulder has been spotted making it even more potent for a breakout.
The volumes show a good accumulation and the MACD would turn positive from very healthy levels with price on the way up giving room for a larger up move.
Do have a look at the Related ideas.
Mazagon Dock - Retesting for DemandKey Highlights:
1. Change in MS underway
2. Trendline breakout
3. Volume expansion
4. Testing for demand
5. Next impulsive move soon
6. Enter only after reversal
7. Target: 276, 287
8. Stop loss: 241
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.