Mazgaon Dock Shipbuilders Short Term View
Mazgaon Dock Shipbuilders looks like a contraction for about 4-5 months
Volumes are popping up on the increase and volumes are lower when the stock has decreased
A break above 2360 and 2384 can push the stock further to 2480 and breaking the hurdle of 2490 can target 2600
However, stock has had a fair share of a bull run so I would suggest enter above 2385 with a target of 2480 and a stop loss of 2300
Can book costs out at that level and let the remainder be invested
Volumes are popping up on the increase and volumes are lower when the stock has decreased
A break above 2360 and 2384 can push the stock further to 2480 and breaking the hurdle of 2490 can target 2600
However, stock has had a fair share of a bull run so I would suggest enter above 2385 with a target of 2480 and a stop loss of 2300
Can book costs out at that level and let the remainder be invested
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