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MAZAGON DOCK SHIPBUIL LTDMAZAGON DOCK SHIPBUIL LTDMAZAGON DOCK SHIPBUIL LTD

MAZAGON DOCK SHIPBUIL LTD

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MAZDOCK trade ideas

MAZDOCK Breaks Downtrend Channel After Securing Major OrderMazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) has shown a strong price action today, breaking out of the downward trend channel after securing a significant order worth ₹1.22 billion from Maharashtra State Power Generation. This news has spurred bullish sentiment, driving the stock up by +4.55% to ₹4,472.40. Technical Insights: Downtrend Channel Breakout: The stock has successfully broken out of the descending channel that has been intact since early July, signaling a potential reversal of the downtrend. Key Support Levels: The stock bounced from a strong support level at ₹4,248.30, which held firm despite recent downward pressure. Resistance Levels : Immediate resistance lies at ₹4,714.40, where the stock previously faced selling pressure in late September. A breakout above this level could push the stock towards ₹5,147.20 and then ₹5,555.05. Volume and Momentum: The recent price surge is accompanied by increased volume, suggesting that the bullish move is supported by strong buying interest. RSI is moving upward, currently near 60, indicating room for further upward movement before overbought levels are reached. Fundamental Catalysts : The order from Maharashtra State Power Generation strengthens Mazagon Dock’s business outlook, providing long-term revenue visibility and boosting investor confidence. Outlook: If the stock manages to sustain above ₹4,248.30, it could see further upside in the short-to-medium term, targeting the next resistance at ₹4,714.40 and beyond. However, a failure to hold above this breakout level may see the price retest support around ₹4,000.
NSE:MAZDOCKLong
by AngshumanSaikia
MAZAGON DOCKS - ON A RECOVERY PATH ?The stock after a buying climax bar in the month of July was overwhelmed with the supply of the BC bar and was pushed down to below the 50 DMA levels. Then it started accumulating around the 50 DMA and now it's finally getting pushed above the short-term moving averages. And all the key parameters like the relative strength, absolute strength, the money flow, buying pressure are all nicely stacked up favouring further up move. So, this could move up again. Another 1000 points testing 5400 levels. However, it is better to watch the next couple of bars to see if there is follow-up support coming.
NSE:MAZDOCKLong
by karthikmarar
MAZAGON DOCK S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:MAZDOCK
by zenthosh
MAZDOCK NSE:MAZDOCK (1D) CMP : 3,199.75 • Hovering Near All time High above all KMA • can see New All time High soon • Retested Base and bouncing again strongly • belongs to Relatively strong sector compared to others Sector : Ship Building Industry : Ship Building Market Cap : 64,552.90 cr. Category : Mid Cap PE : 33.33 Industry PE : 42.42 PEG : 1.83 About Company Mazagon Dock Shipbuilders' business divisions in which the company operates are (i) shipbuilding and (ii) submarine and heavy engineering. Its shipbuilding division includes the building and repair of naval ships. It is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. Its submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. It is currently building/ in the process of delivering four Scorpene class submarines under a transfer of technology agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Mazagon Dock Shipbuilders Ltd . Mazagon Dock Shipbuilders was incorporated in Bombay as a private limited company on February 26, 1934 as Mazagon Dock Private Limited with the Registrar of Companies, Bombay under the Indian Companies Act, 1913. The company was thereafter converted to a public company pursuant to a special resolution passed at an extra-ordinary general meeting dated January 02, 1936. Pursuant to the provisions of section 23 of the Companies Act, 1956 and under order of the Central Government, conveyed by the Ministry of Finance, Department of Company Law Administration by their No. 18 (30)-CL 57 dated October 26/28, 1957, the company was converted into a private limited company and the name of the company was changed to Mazagon Dock Private Limited and a certificate of incorporation was issued by the Registrar of Companies, Bombay on December 10, 1957. Since the company was acquired by the Government of India in the year 1960, it became a government company on May 13, 1960 and the name of the company was changed to Mazagon Dock Limited and a fresh certificate of incorporation consequent to the change of name was issued by the Registrar of Companies, Bombay on December 23, 1960. Further, the name of the company was changed to Mazagon Dock Shipbuilders Limited to reflect its core competencies in shipbuilding and a fresh certificate of incorporation pursuant to the change of name was issued by the RoC on May 28, 2015. Subsequently, the company was converted to a public limited company and a certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on December 08, 2017. The company is a defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. It is a wholly owned Gol company, conferred with the 'Mini-ratna-l' status in 2006, by the DPE. It is India's only shipyard to have built destroyers and conventional submarines for the Indian Navy. It is also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India. Business area of the company Mazagon Dock Shipbuilders' business divisions in which the company operates are (i) shipbuilding and (ii) submarine and heavy engineering. Its shipbuilding division includes the building and repair of naval ships. It is currently building four P-15 B destroyers and four P- 17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. Its submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. It is currently building/ in the process of delivering four Scorpene class submarines under a transfer of technology agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Product portfolio Naval Platforms • Destroyers • Conventional Submarines • Frigates • Corvettes • Missile Boat • Offshore Patrol vessels • Floating Border Outposts Merchant Ships • General Cargo Vessel • Multipurpose Support Vessel • Offshore Supply vessel • Tugs • Dredgers • Passenger cum Cargo Vessel • Water tankers • Barges • Trawlers • Windmill towers Pontoons Oil Sector • Offshore Platforms • Jack-up rigs Major events in company's history: • 1934: Incorporated as a private company. • 1960: Acquired by the Gol. • 1972: Delivered the first frigate, INS Nilgiri. • 1984: Inauguration of undertaking submarine construction. • 1992: Commissoned first Indian built submarine, INS Shalki. • 1997: Commissioned first destroyer, INS Delhi. • 1998: Accredited with ISO certification for shipbuilding. • 2000: Upgraded to Schedule 'A' status from Schedule 'B'. • 2006: Awarded Mini Ratna Category-I status. • 2009: Implementation of enterprise resource planning and systems applications and products. • 2011: Signed shipbuilding contract for construction and delivery of four P15 B misile destroyers with the MoD. • 2014: Inauguration Modernisation project. of the Mazdock • 2015: Launch of first destroyer class ship "Vishakhapatnam' under P15 B project. • 2015: Signed contract for construction and delivery of four frigates with the MoD. • 2016: Inauguration of new submarine section assembly workshop at Alcock yard. • 2017: Delivery of first Scorpene class submarine 'INS Kalvari". • 2019: Delivery of second Scorpene class submarine "INS Khanderi". • 2020: Listing of MDL in BSE & NSE in 2020. • 2021: Delivery of three platforms viz. 3rd & 4th Scorpene class submarine & 1st missile destroyer in 2021. • 2022: Historical Double Launching of a missile destroyer and a stealth frigate on May 17, 2022. Launching of 6th submarine on April 20, 2022.
NSE:MAZDOCKLong
by Kenil_Rana
Mazagon dock shipbuilders limited has potential of 80%**Recommendation: Buy MDL (Mazagon Dock Shipbuilders Limited) for a target of 4000 in 1-2 years** **Technical Analysis:** 1. **Flag and Pole Breakout:** MDL's chart is showing a flag and pole breakout pattern, indicating a strong bullish momentum. This breakout pattern suggests that the stock price could continue to rise significantly. 2. **Current Market Price (CMP):** MDL's current market price is 221, which is below its recent high of 400. This presents a good entry point for investors looking to capitalize on the potential upside. **Fundamental Analysis:** 1. **India's Deal Cancellation with Turkey:** The recent news of India canceling its deal with Turkey and focusing on developing ships in India is a positive fundamental factor for MDL. This decision can lead to increased orders and business opportunities for Indian shipbuilders like MDL. 2. **Domestic Shipbuilding Opportunities:** With India's emphasis on boosting domestic manufacturing and self-reliance in defense and maritime sectors, MDL stands to benefit from government contracts and initiatives. **Target Price:** Considering the technical breakout, favorable fundamentals, and the potential growth in domestic shipbuilding, a target price of 4000 in 1-2 years seems achievable for MDL. **Risk Consideration:** Investors should be aware of general market risks, volatility in the shipping industry, and any geopolitical developments that could impact the company's operations and contracts. **Disclaimer:** This recommendation is based on current information and analysis. Investors should conduct their own research and consult with financial advisors before making investment decisions.
NSE:MAZDOCKLong
by TRADERSMONK07