Mazagon Dock found support at its medium-term upward sloping trendline and staged a sharp rebound, signalling a potential reversal. It has broken out of a falling channel on the weekly chart with a strong bullish candle, adding to the short-term positive view. The stock is trading well above its 20, 50, and 200-day SMAs, highlighting robust strength. The weekly RSI has crossed its signal line from oversold territory, confirming renewed momentum and supporting the bullish outlook.
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