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MASTEK LTD.MASTEK LTD.MASTEK LTD.

MASTEK LTD.

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MASTEK trade ideas

MASTEK looks good PositionallyChart Structure: - Stock is in a continuous uptrend since May. - Currently, the price is near the All-time High Range (It might close at ATH) - Price is around 2793.45 at the time of the study. Volume & Deliveries: - Huge accumulation has been seen in the second half of July. - Around 9.48 lac shares were delivered during the period with an average delivery of 1.58 lac shares/day whereas the average deliveries prior was 53,000 shares/day. - Above-average deliveries are being seen in the first half of August. - On 1st September around 1.88 lac shares were delivered (around 5x of current average) - 3 Mutual Funds bought the Significant Quantity of shares in July whereas 5 MFs reduced small quantities of MASTEK in their portfolio. Relative Strength: - MASTEK is Relatively stronger than Nifty50 as well as the Midcap index. - It has outperformed the Nifty50 & its Sector (Nifty-IT) in 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframes. - Historical chart data shows that Mastek has performed well when it became RS positive and gave significant returns while outperforming the Markets. - After becoming RS positive in April (with the new ARS date) RS has improved significantly and not flipped flopped. - While Nifty & Midcap corrected, MASTEK has shown little correction. - Spread Chart breakout has been observed 3 sessions back. Financial Performance: - Q1 sales growth stood at 7% QoQ & 34% YoY - Q1 PBT growth stood at 9% QoQ & 49% YoY - Q1 PAT growth stood at 13% QoQ & 73% YoY - Overall financials have improved. Sectoral Performance: - Since its breakout on 15th July, Nifty IT has grown by 17.5% - The sector is consistently outperforming Nifty50 significantly. - MASTEK has outperformed Nifty-IT on 1W, 3M, 6M & 1Y timeframes. TLDR (Too Long Didn't Read): - Stock is near ATH - Stock has good volume & deliveries - Stock's RS is strong, outperforming Nifty & Sector. - Co.'s financial performance was good in Q1. A good Stock to Study & keep eyes upon.
NSE:MASTEKLong
by AmanSaraf
MASTEK - LONGMASTEK - LONG The stock is currently consolidating phase and can buy for a short term profit. Buy : ₹ 2480 - ₹ 2628 Target: ₹ 2871.2, ₹ 3265.7 Support: ₹ 2472.45, ₹ 2238.40 Trade and Invest Wisely with your own knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins . ***
NSE:MASTEKLong
by pmosesoliver