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Akhilesh Jat SEBI RA

19th May 2025 · SEBI-Registered Analyst

Mazdock Faces 9% Retracement from All-Time High in Morning Trade

MAZDOCK
stock witnessed a sharp decline of over 3% in early trade on May 19, 2025, after a strong four-day winning streak. The price retraced nearly 9% from its fresh all-time high during the morning session, raising eyebrows among investors. As of 10:00 AM, immediate support levels are seen at ₹3,230 and ₹3,170. Whether this pullback is a temporary pause or signals a deeper correction remains to be seen. Bulls may still be in control, but further price action will be crucial to determine if the uptrend resumes or if a consolidation phase begins. Time will ultimately reveal the trend. Disclaimer: This post is for informational purposes only and does not constitute trading or investment advice.

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