BUY : MAZDOCK25NOV252700CE( MAZDOCK ) [135455]

Provided by: Equity Guru MS
SEBI Registration No.: INH000019497

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Stock/Recommendation Name: MAZDOCK25NOV252700CE (Mazagon Dock Shipbuilders Ltd) [135455]
Call Type: BUY
Entry Range: ₹64
Stop Loss: ₹54
Target 1: ₹74
Target 2: ₹84
Duration: Intraday
Upside Potential: 10

Technical Rationale — MAZDOCK25NOV252700CE (Mazagon Dock Shipbuilders Ltd)

View: Bullish on Call Option (Bullish on MAZDOCK Futures/Spot)

Chart and Price Action Analysis:
MAZDOCK has given a strong breakout above the ₹2660 resistance level with expanding volumes, indicating renewed bullish momentum.
The underlying stock is forming a bullish flag continuation pattern on the hourly chart and sustaining above the 20-EMA, confirming short-term trend strength.
Intraday price action suggests firm demand near ₹2650–₹2660 zone, with immediate upside potential toward ₹2700 and above.

Momentum Indicators:

• RSI (14) is rising from 55 and now trending above 60, showing strengthening bullish momentum.

• MACD has given a positive crossover on the 15-min chart with an expanding histogram, signaling continuation of the current up move.

• Volume profile shows fresh accumulation near the strike price, indicating active long build-up in the 2700CE contract.

Trend and Derivative Structure:

• Price is trading comfortably above VWAP, reinforcing intraday bullish sentiment.

• Open Interest buildup in 2700CE with corresponding unwinding in lower strikes (2600–2650CE) confirms positional shift toward higher levels.

• The underlying stock’s futures are witnessing long addition, validating the bullish option setup.

Trade Setup Summary:

Conclusion:
MAZDOCK is showing clear bullish momentum supported by volume-backed breakout and derivative confirmation. Buying MAZDOCK25NOV252700CE around ₹64 with stop-loss at ₹54 and targets of ₹74–₹84 is technically justified for an intraday bullish move.
A sustained hold above ₹2660 in the spot segment could further accelerate the momentum toward ₹2720 levels.

RA Name: Manjushri Sharma

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