Mazdock Long - Technical AnalysisMAZDOCK Technical Analysis Summary
Current Price : 2,985.00
Technical Reasons to Pick MAZDOCK
1 - Dow Theory Confirmation
- Higher Highs (HH) - Higher Lows (HL)
- Clear uptrend structure maintained
2 - EMA Support Structure - Took support from 100 EMA on a weekly Timeframe
- Trading above sorted EMA 100/200
- Strong momentum indication
- Bullish reversal from key moving average
4 - A clear Hidden RSI Divergence
- Indicates continuation of uptrend
- Target 1 : 3,240.00
- Target 2 : 3,502.30
- Target 3 : 3,774.00
- Grand Target : 4,094.00
Risk Management
Watch for sustained break below 100 EMA for trend reversal
Overall Bias : BULLISH
Strategy : Buy on dips near EMA support levels.
Long