MASTEK GOING TO HIT AGAIN 2700 SOONOn the weekly chart, Share after hitting 2700 level on a closing basis drops down to its support level from which last time it rallies. From the chart, it's clear that after hitting its high stock consolidated and if it holds support level at 2460 then...
Short term target is 2550 from the current level
Long term target is 2700 in 3 to 6 months.
MASTEK
Mastek Box Breakout: Opportunity for longStock of the Week: #Mastek
Entry Price: 1368.95
SL: 1169.95
Position Sizing: 23%
Reason: On Jan 18, it fell with the highest volume but after that, we haven't witnessed much fall rather it trade within that range. Now it breaks that range with the increasing volume which may lead to hitting a new all-time high.
NB: This will be our second accumulation. Previously we bought it at Rs.1234.
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.
MASTEKNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Swing Trade Idea #228 : Long on MASTEKThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.