Stock of the day - Mazagon Dock Shipbuilders Ltd Target Rs. 2790 - Religare Broking Ltd
Mazagon Dock Shipbuilders Ltd
Buy Mazagon Dock Shipbuilders Ltd CMP (Rs) 2610 Range* 2600-2610 SL 2510 Target 2790
* MAZDOCK retains a constructive bullish structure, with price action forming higher highs and higher lows following an extended consolidation phase.
* The stock is sustaining comfortably above key short-to-medium-term moving averages, confirming a positive trend across multiple timeframes.
* The recent upside breakout, supported by improving volumes, strengthens the bullish setup, while RSI maintains a positive bias and MACD reinforces momentum.
* Investors may consider accumulating the stock within the recommended buying range.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
