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Aryan_Devaiah

MAZDOCK chart gives hints about a future bull run

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MAZAGON DOCK SHIPBUIL LTD (NSE:MAZDOCK)  
Aryan_Devaiah  
NSE:MAZDOCK   MAZAGON DOCK SHIPBUIL LTD
Trend Analysis Chart Patterns NIFTY Bullish Patterns LONG
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trendanalysis chartpattern nifty bullish long
MAZDOCK has been on the rise since June. It has broken past the resistance level of 1000 INR in June. During the first week of July, it has breached the 1300 mark and has found support at that level (marked in MAROON LINE). In the second week of July, it has crossed the 1600 line and has found support at 1600 (marked in PINK LINE). It is now on course to go over the 2000 mark, which it will in the coming few days. You could buy MAZDOCK at current levels and hold on till 2200+.
The Alligator Indicator also shows Bullishness.
MAZDOCK has also got a good order book and it has recently won a 6 Billion USD contract to construct scorpene class submarines for the Indian Navy.
With the Nifty 50 scaling to higher peaks, MAZDOCK is on course to cross the 2000 mark.
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