Mazdock moving in downward channel for now and is at upper end of the channel, it has good support of 20 DMA. As the good fundamental news broke the channel levels but it was not able to sustain the gains. Volumes is not participating in the price action, though RSI looks okay for now. Can look if channel line is broken with good volumes, above 261 a good buying interest may flow.
Comment:
as it went above 261, gave a fantastic breakout now above 300 above levels.
Comment:
Mazdock again taking support near 230-235 and making and upside move.
Move above 265 may take it up near 280 - 300 again.
Move above 265 may take it up near 280 - 300 again.