This was Friday’s top trending stock for investors in shipbuilding sector – top trending stock mazagon dock shipbuilders

Mumbai – On the Dalal-Street, however, certain stocks remained volatile despite the improvement in the broad indices. Mazgawdaq’s stock jumped more than 8% in the opening hours of Friday’s trading session. The company share is supported by a large trading volume. It was in consolidation for the last 6 trading sessions and has now recorded a strong price volume breakout on a daily technical basis. At the same time, the stock has reached a new all-time high of Rs 457.40. The stock has gained more than 85% in the last three months. The stock is currently riding a strong upward trend.

Technical parameters are also indicating strong valuation potential in this stock. The 14-day RSI (76.49) is bullish. The ADX (55.60) of the share is on the upside and indicates a strong bullishness of the index. The OBV of the stock is at a peak and this shows increasing buying interest among investors. Overall the stock is technically bullish and is expected to register more transactions in the coming period.

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In terms of trend, this stock is in good momentum. Thus investors can include this stock in their watchlist.

Mazgaon Dak Shipbuilders is engaged in the business of ship building and ship repair. The listed company manufactures ships for the Indian Navy as well as other commercial sectors.
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