Short term cash Buy MASTEK 2100-2150 SL1970 TGT 2375,2600
Stock 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
➢ 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
Trade active:
It makes a day high of 2365 close to our 1st TGT 2375 with 8% gain but if you added at 2050 since the price corrected to good buying level which must have lowered the average buying price to around 2100-2150 so then gain must be around 10-15%.
Chart is still positive so book partial profit and hold for the next TGT 2600.
Chart is still positive so book partial profit and hold for the next TGT 2600.
Trade active:
YAY!!! OFFICIALLY HIT THE FIRST TGT 2375 MAKES A DAY HGH OF 2382...ENJOY TH PROFIT GUYS!!!