✅ #MASTEK trading above Resistance of 2944
✅ Next Resistance is at 3410
Charts are 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....
A Inverted Head & Shoulder Chart Pattern Breakout retested on the Weekly Time frame of NSE:MASTEK
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the level mentioned on the chart.
Stop loss will be on a Weekly...
MASTEK - Analysis 11-7-203 Buy Over 2166 for upto 2346, 2825, 3165, 3270
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
on prv weekly lower break.
Mastek is one of favourite stock and I have made good money in this counter. I entered around 663 when it broke out of its multi year resistance on 6-8th Aug 2020, made pyramid entry around 28th Dec 2020 which increased my avg price. Added final qty around 28th June 2021, my exit was around 3300+ which gave me 148%+ returns. I was lucky enough to get benefit of...
Stock formed Double bottom pattern and now at resistance Zone area
On daily chart Trendline broke and at resistance zone, if breakout sustain then be a good bet
To enter above 3315 for positionally targets of 3660
Above levels are for education purposes only
Do your own analysis before taking any trade
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On the weekly chart, Share after hitting 3400 level on a closing basis drop down to its support level from which last time it rally. From the chart, it's clear that it makes inverted head and shoulder near 3000 and if it holds support level at 2800 then.
For short term target is 3200 from the current level
For Long term target is 3400 in 6 to 9 months.
Mastek share seems to have formed an Inverse H&S pattern.
It will be interesting to see if it follow the book and raises back to its previous high from here.
Note: This is not an Investment advice. Only for educational Purposes.
buy above 3000 in intraday and swing trade
keep stoploss 2800 for swing trade
for Intraday keep stoploss below resistance zone at 2940
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
News on #Mastek Lets see whether we can grab some points in Intraday.
#Mastek - Cloud communications company Route Mobile has appointed John Owen to head its operations across Europe and the Americas. Owen will be the chief executive officer of Route Mobile UK, based in London, the company said in a statement. John Owen has 30 years of international senior...