**Recommendation: Buy MDL (Mazagon Dock Shipbuilders Limited) for a target of 4000 in 1-2 years**
**Technical Analysis:**
1. **Flag and Pole Breakout:** MDL's chart is showing a flag and pole breakout pattern, indicating a strong bullish momentum. This breakout pattern suggests that the stock price could continue to rise significantly.
2. **Current Market Price...
It's all time high the stock entered corrective phase.
The stock exhibited a cup and handle pattern on hourly timeframe.
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Target price : 2372 (16%)
Buying position if price above 2039
Stoploss : 2035
Mazagon Dock Shipbuilders Ltd is a government company with the biggest shareholder being the President of Bharat, a staggering 84.83% holding on his name. It receives around 300 crore from its deposits in bank and around 25 crore as dividend from Goa Shipyard Ltd. It currently has a large order book and is fully filled with work for the next 5 - 7 years making us...
Positional Trade
MAZDOCK Looks Good ABOVE 2063.30
SL 1754.90
Target 2287.40-2658.50 points from entry
Hold a few Weeks
Please consult your financial advisor before investing
All research is for educational purposes only.
Volume & Volatility Contraction
Trading Above Key EMAs
Refer to my old analysis
Mazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth...
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Investment Thesis:
Mazagon Dock Shipbuilders Limited (MDL) is a prominent defense public sector undertaking (DPSU) in India specializing in the construction of naval ships and submarines. MDL plays a crucial role in India's defense preparedness and naval capabilities. Here's an overview of the key factors supporting a long position in MDL:
Key Points Supporting...
Trendline and structure break in MAZDOCK now it's turn for the retest at 61.8 fib level that is aligning with pretty good support zone and then bullish movement.
Expected Targets are :
TP1 - 1969.10
TP2 - 2027.95
