This 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 has broken out of the downtrend and now has been ascending for almost 2 and a half months and has almost come 15% off the breakout but the interesting this is that it closed above the local high and now looks ready for further ascension off there towards the previous all time high at 3669. Potential upside and invalidation are marked in the chart are just...
Mastek came down with the fall in IT pack. It now has shown strength in the recent times and has formed a beautiful rounding bottom.
Can be studied for the pattern at current levels and looks good for 2700 initially and 3200 as a final target.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
💥Mastek💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-2780-2790
Breakout Price-2766
Stoploss-2061
Targets-3914-4452-10405
RT for max reach
#mastek #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Stock name = Mastek Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
as 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 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.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Breakout happend in this stock.
Keep your risk and reward ratio according to your preferance.
This is for educational purpose. Do your own research investing.
This stock is near breakout with rising 40 week moving average(200 day moving average).
Keep your risk and reward ratio according to your preferance.
This is for educational purpose. Do your own research before investing.
NSE: 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...
