VIEW: BUY MAZAGON DOCK SHIP BUILDERS LTD ( 1368 ) TARGET 1600/1750+ SL 1240

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RATIONALE:

Stock has been in bullish trend since last 2 month with range break out of price level 850-870 decisively, with high Volume buildup and started trading above 850-870.

There has been consistent buying interest from the investors since last month, Further stock now trading with new high , with strong bullish candle formation on daily chart, With over all Higher- High , Higher -low pattern ,stock may be in Bullish trend. Relative Strength Index is positive , suggest positive trend may continue for near term continue to go bullish

We may see 1550/1600/1750+ prices in months to come.

Note live price may slight changed while publishing.

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