MASTEKThis stock breakout some consolidation level with good volume and major resistance level at 3400 if breaks this level further up move will come
This is only for educational purpose
MASTEK
MASTEK a long call Weekly chartas we have seen master gave a massive uptrend rally and than formed a m pattern. After a long consolidation Mastek has given a breakout of cup & handle pattern on weekly chart pattern.
Its a buy call but will be invalid below the 2342
CUP & HANDLE PATTERN
VOLUME BUILD UP
MASTEK BULLISH LONG-TERM INVESTMENT READYMASTEK turned bullish with double bottom at 0.618 fib...next target 3600 as first resistance if markets are positive .
best long term investment stock.8k within 2-3 years.
like and follow if analysis is helpful..more stock analysis will be released for long term investments.tq.
MASTEK - Bullish Consolidation BreakoutNSE: MASTEK is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
Positional Buy MastekPositional Call Matek
Buy Mastek with stop loss 2497
Target 1 : 3260
Target 2: 3670
This stock is trading above 20,50,100,200 EMA
Short term cash Buy MASTEK 2100-2150 SL1970 TGT 2375,2600Stock price has broken out on the daily chart with higher volumes.
➢ Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA
➢ Oscillators like RSI and MFI is showing strength in the current uptrend
➢ Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current
uptrend
➢ TK cross over around 2050 and MACD cross over at 2070
➢ Considering the Technical evidences discussed above, we recommend buying Mastek at CMP of 2100-2150
and average at 2050 for the upside targets of 2375 and 2600, keeping a stop-loss at 1970
MASTEK - Bullish FlagOne more bullish flag setup with an impressive volume setup.
Mastek is a trending stock and formed a bullish flag setup.
- Can spend some time near 1780-1880 levels
- RSI is cooling off for now, can take support from 60 levels
One can go long now or after BO levels
Keep MASTEK on watchlist for the move
Medium Term: MASTEK BUY/Accumulate CMP 694 Target 800-1000+Medium Term 6 to 12 Months : MASTEK BUY/Accumulate CMP 694 Target 1000
Stock has given breakout with heavy volumes on weekly chart.. It tried to break resistance multiple time since March 2018.
(Do your own research as well before investing in stock market as it carries risk)
MASTEK - Multiyear BreakoutThis is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks.
From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.
However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.
Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
R-0040 Short Term Cash Buy MASTEK @410.00-412 SL 390 TGT 445Bullish chart followed by cross over TK line
Mastek Near in Big Brake outMastek's history shows that when these stocks breakout, give a big return just 1 week to 1 month.
And the stock is preparing for a big breakout after a long time, and the stock's breakout level is closing above at 487, And after having a clogin above 487, keep the stoploss of 467, Must hold for target 525/550/580 target time estimeted 1 month
MASTEK - WATCHLIST FOR A BUY ABOVE 535MASTEK
CMP 512
VOLATILITY CONTRACTION PATTERN observed.
A TO B : -25%
C TO D : -14%
E TO F : -8%
Look for a breach above 535-540 with huge volumes, which is an ideal buy pivot level.
Once buy triggered, stop should be at 490, and target at 650 plus.
