MAZAGON DOCK SHIPBUILRetest of the Neckline: After the breakout, the price has come back down to retest the neckline. This is a normal and healthy move to confirm the previous resistance as a new support.
If the price bounces from this neckline support, there is a strong possibility of an upward move, with the next target potentially around 3,400–3,600.
However, if the price breaks below this neckline support, the pattern may fail, and the price could fall to around 2,600 or lower.
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
