MAZDOCK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Mazagon Dock Shipbuilders Ltd (MAZDOCK)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong momentum

Bias: Positive, supported by price action above key moving averages and strong MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,853

200 DMA: ₹2,699

Current Price: ₹2,984

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 66.1

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹3,100+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 39.9

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility, often precedes continuation

No squeeze or reversal signal currently

🔹 Volume Trends

Current Volume: 16.3 lakh

1-Week Avg Volume: 23.2 lakh

Slightly below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹3,100

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,900 Minor pullback zone

Support 2 2,853 50 DMA, strong base

Resistance 1 3,100 Immediate resistance

Resistance 2 3,300 Intermediate ceiling

Resistance 3 3,778 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹2,880–₹2,920 (on pullback near support)

Exit Zone / Profit Booking: ₹3,300–₹3,778 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

MAZDOCK is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹2,880 with targets around ₹3,300–₹3,778, while watching RSI for signs of short-term exhaustion.

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