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
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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.
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YAY!!! OFFICIALLY HIT THE FIRST TGT 2375 MAKES A DAY HGH OF 2382...ENJOY TH PROFIT GUYS!!!