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 is very strong to make a new high of 1000, Sl: 825
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MASTEK may be included in your portfolio once it breakout above the trading range. Price has taken support on above earlier swing high on daily time frame. Now it is printing within tight range since last 19 trading sessions. More it will take time to trade within the tight more there will be the probability to accelerate its upward move. Price has attempted...
This 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...
Mastek may arise further in range bound trade upside seen but have its stop loss also, if already take position, every rise change your stop loss , see my chart and check the range 420 its last stop loss
Mastek'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
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.
