MAZDOCK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 3.8

Technical Analysis Summary

• Trend: Reversing from highs with bearish momentum
• Moving Averages: Price (₹2,736) is below DMA 50 (₹2,839) and near DMA 200 (₹2,734), signaling a potential breakdown
• RSI (39.0): Weak momentum, approaching oversold territory
• MACD (-18.4): Bearish crossover, confirming downward pressure
• Bollinger Bands: Price near lower band, suggesting oversold conditions and possible support
• Volume: Below average (8.5L vs 15.4L), indicating reduced participation

Entry & Exit Zones

• Support: ₹2,700 – ₹2,735 (near DMA 200 and recent base)
• Resistance: ₹2,840 – ₹2,880 (DMA 50 and prior swing highs)
• Optimal Entry: ₹2,710 – ₹2,735 if RSI stabilizes and MACD flattens
• Exit Zone: ₹2,840 – ₹2,880 if price struggles near resistance

Positive

• Strong quarterly PAT growth (₹715 Cr. vs ₹419 Cr.)
• High ROCE (48.8%) and ROE (36.5%) indicate excellent operational efficiency
• Zero debt and PEG ratio of 0.86 suggest fair valuation
• EPS of ₹55.3 and solid long-term fundamentals

Limitation

• Price trading below key moving averages
• MACD and RSI indicate bearish momentum
• Decline in FII holding (-0.60%)
• Volume below average, showing lack of strong conviction

Company Negative News

• Concerns over order execution delays and margin pressures

Company Positive News

• Strong order book and defense sector tailwinds
• Positive DII sentiment (+0.44%) and improving profitability

Industry

• MAZDOCK operates in the defense and shipbuilding sector
• Peers include Cochin Shipyard, Garden Reach Shipbuilders, and Bharat Dynamics

Conclusion

MAZDOCK is currently reversing from its highs with bearish technical indicators and declining momentum. While fundamentals remain strong, short-term caution is warranted. Traders may consider entry near ₹2,710 with targets around ₹2,880, watching for MACD and RSI recovery.