NSE:MASTEK
✅ #MASTEK trading above Resistance of 2944
✅ Next Resistance is at 3410
Related charts:
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....
Could become a probable runner if the BO sustains. Stop loss is small and potential target as per cup N handle pattern is worth the risk. With the IT sector trying to move in the positive territory, this could workout well. Don't forget to put a stoploss.
1. Parallel Zone Breakout: After trading in a parallel zone for the past year, Mastek is showing signs of breaking out, indicating a potential change in trend direction.
2. RSI Symmetrical Triangle Breakout: RSI is showing a symmetrical triangle pattern breakout, suggesting a potential continuation of the current upward momentum.
3. ADX and MACD: ADX is...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = MASTEK
Time Frame = 1 Day
Mastek Ltd
Mastek 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.
ROCE 25.1 %
ROE 19.9 %
Debt to equity 0.24
Sales growth 21.5 %
i am bullish in IT sector
this is debt free momentum stock
pls like...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Formed a base on the support area with rounding bottom pattern. Looks promising to reach 25~30% gains from the CMP.
CMP @ 1895
TGT @ 2400
Can't you Hold ? Stop Loss would be below 20 EMA @ 1625
disclaimer: this is only for educational purpose. Not a buy/sell call. I am not responsible for your profits & losses
Study - Stock forming double bottom from 0.618 golden zone level of Fibonacci. Stock Can be considered as Reversal formation.
SL - Below 0.618 level zone 1457 and
Target - 2316, 2679
This chart is only for educational purpose. Do your own study before taking any trades. Learning purpose study. Contact your own financial advisor for further advice.
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...
These stocks when giving move because of good Earnings(high volume) with stock changing its trend from Down to Up will easily give you 20-30% returns swiftly. I would try to enter near retest point which will give me favorable risk reward ratio. But then again, if it crosses today's high and sustain for at least an hour then that's another entry point. 2274 will...
BUY - MASTEK
CMP - Rs. 2291
Target - 1: Rs. 2958
Target - 2: Rs. 3638
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Timeframe - 4-8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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