MAZDOCK - Potential Pullback Trade at the Confluence

592
https://www.tradingview.com/x/L0auF5Fg/

OVERALL MARKET SENTIMENT - BULLISH TO SIDEWAYS
STOCK TREND - BULLISH

TECHNICAL ANALYSIS:
Recent BOS with noticeable VOLUME
Stock Price is trading above 20, 20, 100, 200 SMAs
RSI is above 60
Potential touchdown of the price at lower Trendline

FUNDAMENTAL ANALYSIS:
Compounded Sales Growth - 35%
Compounded Profit Growth - 72%
Stock Price CAGR - 120%
Return on Equity - 35%

[These are pretty STRONG fundamentals as per my understanding.]

TRADE DESIGN:
Potential entry at the confluence of [DZ + TL + BOS]
ENTRY - 3230
SL - 3000
TARGET - 3995
RRR - 1:3

Disclaimer: This chart study is for educational purpose only. Kindly trade at your own risk.



Penafian

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