Mazagon Dock Shipbuilders Ltd.
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Are 5 waves over ? Lets interpret a wave (Weekly)

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1. Wave 3 is 2X wave 1 , externally and internally , since wave 2 is shallow.
2. Since wave 3 is the longest (basics) wave 1 and wave 5 should have a Fibonacci connection.
3. Wave 5 is exactly 1.618% of wave 1.
4. Wave 5 should not be more than 0.618% of wave 3 (the longest wave) . Here wave 5 is exactly 0.618% of wave 3.
5. If it is a wave 5 then there should be negative divergence on RSI , which is there and it is strong as wave 5 RSI could not go over overbought range .

All of the above are top out signals and the stock should have been sold for CRT (Cost Reduction Technique). And if one sees the candles there is nothing green about them.
For long term investors wave 5 was made over 8 weeks (9 is a Ichimoku time cycle golden number) . Only if trendline connecting wave 2 and 4 is broken in lesser than 8 time periods , then we can think liquidating the stock , otherwise hold and live through the correction . Regards

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