MASTEK -Ready to Race ?After a long uptrend, there has been a good consolidation in turn forming a Pole Pennant Pattern.
There has been 4 unsuccessful attempts to breakout past 1280 and with many indexes gearing up for an up move, so shall the IT midcap index and MASTEK looks one of the front runners in this space.
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MEGHMANI ORGANICS - BrkOut Rising Wedge- A breakout from the Rising Wedge on Weekly time frame with volume.
- Relative Strength beating the index.
SOLARA ACTIVE - Bottom Reversal ???After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel.
A Symmetric Triangle is also formed and a breakout on the upper side is very likely.
The relative strength also is turning positive again against its Index.
If all goes well the minimum targets as suggested should be the top of the channel.