BUY : MAZDOCK-EQ( MAZDOCK ) [509]

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

Subscription Plan: Quick Picks Cash Trades
Stock/Recommendation Name: MAZDOCK-EQ (Mazagon Dock Shipbuilders Ltd) [509]
Call Type: BUY
Entry Range: ₹2660
Stop Loss: ₹2630
Target 1: ₹2690
Target 2: ₹2720
Duration: BTST / STBT
Upside Potential: 30

Technical Rationale — MAZDOCK-EQ (Mazagon Dock Shipbuilders Ltd)

View: Bullish | Short-Term Momentum Trade

Chart and Price Action Analysis:
MAZDOCK has shown a breakout from a short-term consolidation pattern between ₹2620–₹2660, supported by a steady rise in trading volumes.
The stock has closed above its 20-EMA on the hourly chart and is maintaining higher highs and higher lows structure, indicating strength in the short term.
A sustained move above ₹2660 is expected to attract momentum buyers, potentially driving the price toward ₹2720 levels.

Momentum Indicators:

• RSI (14) is trending upward and currently near 58, showing positive momentum without being overbought.

• MACD has given a fresh bullish crossover on the hourly chart, signaling the start of a short-term up move.

• Volume profile indicates strong accumulation near ₹2630–₹2640, confirming support at lower levels.

Trend Structure:

• The stock is trading above intraday VWAP, showing continued buying interest.

• Immediate support is placed at ₹2630, while resistance is seen near ₹2720, aligning with the targets.

• The breakout candle has closed above recent swing highs, confirming bullish continuation.

Trade Setup Summary:

Conclusion:
MAZDOCK is displaying strong bullish momentum after a volume-backed breakout above ₹2660. The overall structure remains positive, supported by bullish indicators and rising trend momentum.
Hence, initiating a BUY at ₹2660 with a stop-loss at ₹2630 and targets of ₹2690–₹2720 is technically justified with a favorable short-term setup.

RA Name: Manjushri Sharma

Disclaimer: https://www.equitygurums.com/disclaimer.html