MASTEK trade ideas
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.
Mastek IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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MASTEK LongMastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.
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Entry - 2750-2950 ( If Price retraces and retests the breakout, but momemtum looking strong so price may not retrace and just move up from 2930 levels.)
Target - 3600 or simply trail profit as this stock looks good for few years
SL - 2600 WCB
An idea of Mastek reaching 2.7k by trend analysisAs its an uptrend, I have used the Trend line to draw an idea of the trend support and resistance as the normal support and resistance won't work in a satisfactory manner.
I used Bollinger Bands and RSI indicator suggesting that as it will go down to 50 and and hopefully come back
I hope it helps someone,
Disclaimer : All analysis are based on one person's idea or view. It can't assure 100% accuracy.
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
STOCK FOR INVESTMENT MASTEK LTD.Good evening friends, we are now sharing our view on mastek LTD for a long time we are of the opinion that if it is sustaining above 2000 level it can show good move.
We are not at all recommending it is our view only for educational purpose. For more details kindly watch the video
Regards.
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