Mazagaon dock ship builders - Bullish trade
Technical analysis -
1. Rounding bottom breakout happened but stock price couldn't sustain on daily chart
2. 298 is a technical target using depth of rounding bottom
3. Technically all is well above rounding bottom base line, Use closing below 240 as a stop loss for this trade
Trade set up-
1. Buy at CMP and add more on declines for a target of 298 and Sl below 240 on closing basis
1. Rounding bottom breakout happened but stock price couldn't sustain on daily chart
2. 298 is a technical target using depth of rounding bottom
3. Technically all is well above rounding bottom base line, Use closing below 240 as a stop loss for this trade
Trade set up-
1. Buy at CMP and add more on declines for a target of 298 and Sl below 240 on closing basis