2025-04-04 10:54:18 am | Source: Religare Broking
Stock of the day : Buy Mazagon Dock Shipbuilders Ltd For Target Rs. 2990 - Religare Broking Ltd
Mazagon Dock Shipbuilders Ltd
Buy Mazagon Dock Shipbuilders Ltd CMP 2737.55 Range 2730-2740 SL 2610 Target 2990
* Mazdock recently registered a breakout from prolonged consolidation phase, which continued for nearly six months, within the formation of a triangle pattern.
* After a marginal dip, the stock has rebounded from the support of the pattern neckline with strong volumes.
* Looking at the price structure, the stock looks set for the next leg of up move.
* Traders can initiate fresh longs in the mentioned range.
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