CHART IDEA ON MAZAGON DOCK SHIPBUILDERS
Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2008 Company is one of the leading shipbuilding yard in India. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934.
Fundamental Analysis
Good Quarterly growth in the recent results.
Growth in Quarterly Net Profit with increasing Profit Margin.
Company with no Debt
Company with the zero Promoter Pledge.
Technical Analysis
The stock has ready for a breakout on the daily chart from the consolidation pattern. . Relative Strength Index is showing positive momentum in the stock. Oscillator like Average Directional Index (ADX) is showing strength.
Trading Strategy on Mazagon Dock Shipbuilder
Traders and Investors can enter around 256–257 levels for the upside target of 290 and then to 330 levels in the days to come. Support and stop-loss remain at 220 levels on a closing basis. |