MAZDOCK

Mazagon Dock Shipbuilders Limited in the defense sector has been a tricky one. After a noticeable gap-down, it’s struggled, forming six consecutive lower highs and consistently testing resistance. The weekly chart suggests an accumulation phase, with multiple inside bars near crucial levels. The real game-changer here is the Union Budget 2026-27 (expected February 1). The defense sector is ripe for significant government orders, and a positive budget could be the catalyst for a substantial breakout. This stock is for investors with conviction in India's defense spending, willing to wait for that decisive trigger.