Chart of Mazagon Dock Shipbuilders Limited is actually showing early strength after a long downtrend.

🔍 1️⃣ Big Picture First Phase 1: Strong Uptrend Sharp rally till ~₹3600 Phase 2: Distribution → Downtrend Continuous lower highs + lower lows 👉 Clear bearish phase 🧠 2️⃣ What Changed Recently? Now focus on the right side: ✅ Price stopped falling near ₹2300 Multiple supports formed Selling pressure reduced ✅ Base Formation Started Tight consolidation Small candles 👉 This is NOT distribution 👉 This is Accumulation / Base ⚡ 3️⃣ Key Observation (Most Important) 👉 Earlier: Sharp red candles 👉 Now: Smaller candles Buyers stepping in 👉 This means: 💡 “Smart money is absorbing supply” 📦 4️⃣ Your Box Area (Perfect Marking) Range: ₹2300 – ₹2500 👉 This is your decision zone 🚀 5️⃣ What Needs to Happen for Rally 👉 Breakout above ₹2500 Then: Target Calculation: Range = ₹200 Breakout target = ₹2500 + ₹200 = ₹2700 👉 Your arrow toward ₹2600–2700 is spot on ✅ 🔴 6️⃣ When This Trade Fails 👉 If price: Breaks below ₹2300 Closes below support Then: 👉 Base fails → fresh downtrend 📊 7️⃣ Trade Plan 🟢 Aggressive Entry Near ₹2300–2350 (support) 🔵 Safe Entry Breakout above ₹2500 🎯 Targets ₹2600 ₹2700 ❌ Stop Loss Below ₹2250