Mazagon Dock Shipbuilders Ltd
Fibonacci crossed (0.382)
Confirmed trendline breakout (Daily)
Stoch RSI going up (Weekly)
MAZDOCK trade ideas
MAZDOCK LongPositional Trade
MAZDOCK Looks Good ABOVE 2063.30
SL 1754.90
Target 2287.40-2658.50 points from entry
Hold a few Weeks
Please consult your financial advisor before investing
All research is for educational purposes only.
Volume & Volatility Contraction
Trading Above Key EMAs
Refer to my old analysis
MAZDOCK Breakout ReadyMazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth & revenue to its shareholders. The company has a strong order book which gives it a fundamental boost to be a good pick for the long term.
Coming to the charts, the stock has formed a triangle pattern that can give an aggressive breakout in the days to come. The daily RSI is trending around 50 which can give it a boost as its a sign that the momentum of the stock has not yet exhausted. The stock is also outperforming NIFTY which makes it a favorable pick.
VWAP - HOW TO USE ....This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
One more breakout on the chartInvestment Thesis:
Mazagon Dock Shipbuilders Limited (MDL) is a prominent defense public sector undertaking (DPSU) in India specializing in the construction of naval ships and submarines. MDL plays a crucial role in India's defense preparedness and naval capabilities. Here's an overview of the key factors supporting a long position in MDL:
Key Points Supporting the Long Position:
Strategic Importance: MDL is strategically positioned to benefit from India's growing focus on strengthening its naval capabilities. The government's commitment to modernizing the Indian Navy bodes well for MDL's order book.
Robust Order Book: The company typically maintains a healthy order book, consisting of both domestic and international orders. A substantial backlog of naval ship and submarine construction contracts provides revenue visibility for the coming years.
Defense Spending: India's increased defense spending and emphasis on 'Make in India' in the defense sector present opportunities for MDL to secure more contracts. Defense contracts are often long-term and can provide stability to the company's financials.
Technical Expertise: MDL has a reputation for technical excellence in ship and submarine building. This expertise can give it a competitive advantage when bidding for new contracts.
Government Backing: As a DPSU, MDL enjoys government backing and support. This can translate into financial stability and access to resources for expansion and modernization.
Risk Factors to Consider:
Order Delays: The defense industry can be subject to delays in contract execution due to various factors, including technical challenges and bureaucratic processes. These delays can impact revenue and profitability.
Market Volatility: MDL's stock can be influenced by broader market trends and sentiment. Economic downturns or geopolitical tensions can affect the stock's performance.
Regulatory Changes: Changes in government policies, regulations, or defense procurement procedures can impact MDL's operations and contracts.
Competition: The defense sector has several players, both domestic and international. MDL faces competition in securing contracts, which can affect its market share.
Position Management:
Entry Point: Enter the long position at the current market price or at a point that you find favorable based on your analysis of the stock's fundamentals and technical indicators.
Stop Loss: Set a stop loss at 8% below the entry price. This will help limit potential losses in case the stock price declines.
Target Price: Determine your target price based on your risk appetite, investment horizon, and market conditions. Consider using technical analysis and key support/resistance levels to identify potential target points.
Monitor and Adjust: Regularly monitor MDL's performance, stay updated on news related to the defense sector and the company, and be prepared to adjust your position or exit the trade if necessary.
Remember that investing in stocks involves risks, and it's important to conduct thorough research, possibly consult with financial professionals, and make informed decisions that align with your financial goals and risk tolerance.
'MAZDOCK'
clear cut Flag break out on daily chart, New
New territory for MAZDOCK
SL 1920
cmp 2100
target in medium term 3500
Mazdock going towards 2k aboveAfter a sideways consolidation stock trying to go up
Volume supportive.
Stop 1950
Short term pick
Target 2200
MAZDOCK IS UNSTOPPABLETrendline and structure break in MAZDOCK now it's turn for the retest at 61.8 fib level that is aligning with pretty good support zone and then bullish movement.
Expected Targets are :
TP1 - 1969.10
TP2 - 2027.95
MAZDOCK IS ON FIRETrendline breakout has been done on MAZDOCk after retest there will be a good long opportunity.
TP1 - 1910
TP2 - 1969.10
TP3 - 2027.95
Mazdok for swing Mazdok appears to be a promising option for swing trading, based on the analysis of its chart. The chart displays clearly defined levels that can be used as potential entry and exit points for swing trading strategies. These marked levels provide valuable information for traders, indicating areas of support and resistance that can influence price movements. By carefully observing and analyzing these levels, swing traders can make informed decisions about when to enter or exit positions in Mazdok, potentially capitalizing on short-term price fluctuations. Overall, Mazdok's chart shows favorable conditions for swing trading, offering opportunities for traders to profit from its price volatility.
Mazagon Dock ShipyardThis chart is for study purpose. Indication entry, exit, addition by using RSI, ADX and EMA indicators.
MAZDOCKlooks good for upmove.
A good stock trading at ATH.
Only for eductaional purpose.
Not a trade recommendation.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
A PSU Stock Soars to 20% Upper Circuit
Mazagon Dock Ltd., a prominent shipbuilding company, witnessed an impressive surge in its stock price as it hit the upper circuit with a remarkable 20% increase on Monday. With a market capitalization of ₹19,888 crore, Mazagon Dock Ltd. has caught the attention of investors and traders alike.
Following a period of consolidation since December 22, the stock broke out during the last week of May, signaling a shift in market sentiment. This breakout captured the interest of market participants, setting the stage for the stock's recent ascent.
Moreover, the board of directors of Mazagon Dock Ltd. approved a final dividend of ₹6.86 per share, adding fuel to the buying pressure. This dividend announcement further intensified investor interest, leading to a surge in demand and ultimately pushing the stock to the upper circuit.
However, it is crucial for prospective investors to exercise caution and approach this surge with careful consideration. Given the significant movement already observed, it may be wise to await a potential correction or pullback before considering an investment. Avoid succumbing to impulsive decisions driven by the fear of missing out (FOMO).
#MazagonDockLtd #StockMarket #InvestmentInsights #MarketSurge #CautionaryAdvice
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Forming trend line in MazdockBreakout in the trend line can increase the momentum in Mazdock. Currently taking support at 694
SHORT TERM BREAKOUT STOCK1 share price trading undervalue
2 above 200 dma
3 short term breakout
4 technical breakout stock
5 Good cash flow operation
6 Company reduced dedt
will it resume its journey? A good stock showed strength when the market was down. it was outperforming.
educational view only
Mazagaon Dock swing tradeSwing trading opportunity in mazagaon dock shipbuild ltd
Strict Stop loss at 690
#MAZGAON DOCK ANALYSISStock has taken support and again at resistance, so follow chart for proper resistance and support.
