⚓ Mazdock Update (CMP ₹2,946, +0.7% today)

Mazdock continued its rebound, closing near resistance levels with improving momentum. The stock is now trading comfortably above its 20/50-day EMAs, signaling the early stages of a trend reversal. 🔹 Technical Update Price action shows higher lows with rising volumes – signs of accumulation. RSI at 64.5 indicates strong momentum but still below overbought levels. Key support: ₹2,700–2,750, Resistance: ₹2,950–3,000. A breakout above ₹3,000 could set up a move toward ₹3,200–3,400. 🔹 Market Context Defence PSUs remain in focus with rising naval and shipbuilding capex. Mazdock’s leadership in submarine and warship projects positions it well for long-term opportunities. Export potential and steady government contracts provide revenue stability. ⚖️ Conclusion Mazdock is showing follow-through strength after its bounce from ₹2,650 levels. Watch the ₹3,000 breakout zone for confirmation of the next up-leg. Long-term investors may view current levels as attractive after the recent 25% correction, while traders should keep a stop near ₹2,700.