Title: “Mazagon Dock: History Repeats? Chart Pattern Suggests Another Breakout Ahead!”
Description: Mazagon Dock Shipbuilders Ltd (MAZDOCK) is showing a strong resemblance to its previous bullish pattern from early 2024. The highlighted ellipses show two nearly identical consolidation and breakout formations. The blue projection line mirrors the past 2024 price movement, suggesting a potential rally.
Key Levels to Watch:
Resistance: 3095 — if broken, expect a move toward 3148.
Support Zone: Around 2930-2970.
If the pattern continues, we could see a strong upward move. This setup is a great example of price action repeating itself—classic case of a fractal pattern in technical analysis.
Idea Type: Bullish | Timeframe: 1D
👉 Note: Always manage risk. Patterns can fail—set your stop loss wisely!
Description: Mazagon Dock Shipbuilders Ltd (MAZDOCK) is showing a strong resemblance to its previous bullish pattern from early 2024. The highlighted ellipses show two nearly identical consolidation and breakout formations. The blue projection line mirrors the past 2024 price movement, suggesting a potential rally.
Key Levels to Watch:
Resistance: 3095 — if broken, expect a move toward 3148.
Support Zone: Around 2930-2970.
If the pattern continues, we could see a strong upward move. This setup is a great example of price action repeating itself—classic case of a fractal pattern in technical analysis.
Idea Type: Bullish | Timeframe: 1D
👉 Note: Always manage risk. Patterns can fail—set your stop loss wisely!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.