Stock Analysis – Mazagon Dock Shipbuilders Ltd (MAZDOCK)
📅 Date: January 30, 2025
📊 Timeframe: Daily Chart
📌 Market Snapshot
Change: +147.80 points (+6.29%)
🔴 Key Resistance Zones (Above Current Price)
🚀 2,560.68 – Immediate resistance
🚀 2,622.87 – Major resistance
🚀 2,730.73 – Long-term resistance
🟢 Key Support Zones (Below Current Price)
🔻 2,390.63 – Significant support
🔻 2,282.77 – Major support zone
🔻 2,220.58 – Strong historical support
📈 Candlestick Patterns
Recent Pattern: Strong bullish candle
🔥 Volume
Volume: 5.59M (compared to 2.95M, indicating strong participation and interest)
📊 Trend Analysis
Current Trend: Uptrend
Momentum Indicator: RSI Breakout
🚀 Conclusion
Mazagon Dock Shipbuilders Ltd is showing strong bullish momentum with a notable RSI breakout and an increase in volume, indicating robust participation. The stock is currently trending upwards, with key resistance levels in sight. Watch for price action near these resistance zones to gauge the sustainability of the trend.
Could Mazagon Dock sustain its rally and breach the next resistance levels, or will it encounter selling pressure that brings it back toward its support zones?
📊 Timeframe: Daily Chart
📌 Market Snapshot
Change: +147.80 points (+6.29%)
🔴 Key Resistance Zones (Above Current Price)
🚀 2,560.68 – Immediate resistance
🚀 2,622.87 – Major resistance
🚀 2,730.73 – Long-term resistance
🟢 Key Support Zones (Below Current Price)
🔻 2,390.63 – Significant support
🔻 2,282.77 – Major support zone
🔻 2,220.58 – Strong historical support
📈 Candlestick Patterns
Recent Pattern: Strong bullish candle
🔥 Volume
Volume: 5.59M (compared to 2.95M, indicating strong participation and interest)
📊 Trend Analysis
Current Trend: Uptrend
Momentum Indicator: RSI Breakout
🚀 Conclusion
Mazagon Dock Shipbuilders Ltd is showing strong bullish momentum with a notable RSI breakout and an increase in volume, indicating robust participation. The stock is currently trending upwards, with key resistance levels in sight. Watch for price action near these resistance zones to gauge the sustainability of the trend.
Could Mazagon Dock sustain its rally and breach the next resistance levels, or will it encounter selling pressure that brings it back toward its support zones?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.