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Unite Technologies Financial

29th Jan · SEBI-Registered Analyst

Mazagon Dock Shipbuilders Ltd (MAZDOCK)

MAZDOCK
is trading at ₹2,517.20, following a strong recovery session yesterday where it gained over 7.30%. It has reclaimed its 5-day SMA but is facing resistance as it trades below its 50-day and 200-day SMAs. Immediate Support: The ₹2,300 - ₹2,350 range is now a critical "reversal level" and support floor. Resistance: The stock faces immediate hurdles at ₹2,600 - ₹2,637. A breach of this level is necessary for long-term trend reversal. While the short-term trend is still struggling, the sharp open interest surge (+12.02%) suggests that aggressive directional bets are being placed. The RSI has moved out of the weak zone to a neutral 54.35, indicating improving sentiment.

#StockInNews#Today’sTradingSetup#WatchOutFor#TechnicalViews
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