MAZDOCK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Mazagon Dock Shipbuilders Ltd (MAZDOCK) based on current indicators and price action

📊 Trend Overview

Current Price: ₹2,720

50 DMA: ₹3,094 | 200 DMA: ₹2,674 → Price is below 50 DMA and just above 200 DMA, indicating short-term weakness but long-term support.

RSI (23.1): Deep in oversold territory, suggesting strong bearish momentum.

MACD (-117): Strongly negative, confirming bearish crossover and downward pressure.

Volume: More than double the weekly average, indicating heavy selling or panic exit.

📌 Trend Status: Reversing from bullish to bearish.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent formations show lower highs and lower lows, confirming a downtrend.

Bollinger Bands: Price near lower band, indicating oversold conditions and potential short-term bounce.

Volume Trend: High volume with falling price suggests institutional exit or profit booking.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 2,674 200 DMA, key base

Support 2 2,600 Psychological level

Resistance 1 2,820 Minor swing high

Resistance 2 2,950 Trendline resistance

Major Resistance 3,094–3,778 50 DMA to 52-week high zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,600–₹2,674 (on pullback near support)

Exit Zone: ₹2,820–₹2,950 (short-term resistance)

Stop Loss: ₹2,580 (below 200 DMA)

🧠 Summary

Momentum: Strongly bearish

Trend: Reversing

Volatility: Elevated

Short-Term Outlook: Negative; wait for RSI recovery and MACD reversal before entering

Would you like to explore how MAZDOCK compares with other defense sector stocks like HAL or BEL?

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