Stock of the day : Mazagon Dock Shipbuilders Ltd by Target Rs. 2020 - Religare Broking Ltd

Mazagon Dock Shipbuilders Ltd
Buy Mazagon Dock Shipbuilders Ltd CMP 2924.70 Range 2915-2925 SL 2810 Target 3150
* Mazdock has staged a decisive rebound from a prolonged consolidation, accompanied by rising volumes that indicate renewed accumulation.
* The stock has sustained above its 50, 100 and 200 DEMAs, reinforcing bullish momentum and confirming an upside breakout.
* On the weekly timeframe, price action remains well-supported by a rising trendline, further strengthening the positive structure.
* Investors may consider initiating long positions within the prevailing price zone.
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