MAZDOCK BREAKOUT !

🔍 Technical Analysis Highlights:
Breakout Formation:

Price is testing the breakout zone (~₹5,041), signaling bullish momentum.
Volume Confirmation:

Increasing volume indicates strong buyer interest.
EMA Support:

The stock is trading above both the 21-day and 50-day EMAs, confirming bullish strength.
Bullish Trend:

The stock has shown strong recovery from lows, forming higher highs and higher lows.
📊 Trading Setup
Current Price: ₹5,030.65
EMA Levels:
21-Day EMA: ₹4,647.27 (Blue Line)
50-Day EMA: ₹4,452.96 (Purple Line)

✅ Entry Point
Buy above ₹5,041 (recent breakout zone).
🎯 Target
Target 1: ₹5,555 (near resistance level and marked profit area).
🛑 Stop-Loss
Place SL at ₹4,858.70 (recent swing low).
⚙️ Risk/Reward Ratio
Risk/Reward ratio is favorable, with clear upside potential and minimal downside risk.