Mazagon Dock Shipbuilders Limited (MAZDOCK) Stock - Complete Technical Analysis - Nov 08, 2024

Mazagon Dock Shipbuilders Technical Analysis - Key Levels & Momentum Insights MAZDOCK Stock Analy

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Mazagon Dock Shipbuilders Limited (MAZDOCK) has been showing some volatility lately. Currently priced at 4164, it is 28.94% below its 52-week high of 5860. Despite its higher valuation (P/E ratio of 33.9), the company showcases strong fundamentals with ROE at 37.8% and ROCE at 50.6%, reflecting excellent profitability.

From a technical standpoint, the stock's momentum appears mixed. The RSI is around 48, indicating neutral momentum, while the MACD and Awesome Oscillator both signal bearish momentum. The support level is around 4100, and resistance lies between 4250-4300. The stock has shown considerable price swings in recent sessions, as observed on November 7 when it opened at 4280 and closed at 4256, suggesting price indecision.

Traders should remain vigilant. If the stock moves below 4100, it could face further downside, while a breakout above 4300 could signal a shift toward higher prices. Watch these key levels for potential trading opportunities.