MASTEK trade ideas
Buy at 2000 levels
up trend
support at trendline
Raising triangle pattern
Macd signal
EMA cross over.
More than average volume during last trading hours.
Mastek_Cup and Handle Formation_12% upside in short termDate: 27 April 2021
Mastek (CMP: 1,506)
Target and SL given in the chart
Mastek - Technical Breakout Cup and Handle Stock is Showing Cup and Handle Breakout above 1381.
Technical Target Can be around 1675
Fundamentally with its Increased Top Line (Sales Growth) 2000 looks decent Valuation.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Buy Mastek for short termMy idea is for educational purpose.
By Mastek @1310 for short term gain of 10%.
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.
Buy MastekBuy Mastek near 1225-1230 level ,Stoploss 1180 Target above 1300
Study : Double bottom formartion Retest zone of 1225-1230 ...Good RR Trade
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.
Breakout in MastekI firstly start looking for sectors that are doing relatively well in Market during choppiness, IT has now started performing well. So my preference will be to lookout for new breakout in IT.
See my previous post on Sonata Software(Belongs to IT again) and now Mastek has given confirmation with great volumes.
SL should be swing low i.e 1135. I will not allow too much for hitting SL in a trending structure
Good luck!
Mastek - Potential breakoutStock has been inside the box for about 45-50 days. The promoter too has been buying the stock which makes things interesting
IF tomm the stock trades above 1300 it could move up sharply towards 1400 and then a new ATH. Long above 1300 SL 3% below ~ 1260.
Disc: I already have a position in this stock
Long MASTEK Technical: Mastek gave breakout after being traded in consolidation phase,
•Breakout with good volumes
•Ascending triangle breakout formation
•Possible target : 1400-1460-New High
•Trade according to your risk appetite & do your own research. NSE:MASTEK
Mastek came out of a good consolidation and a trendline breakoutMastek came out of a good consolidation and a trendline breakout. A falling trendline breakout supported by good volumes. Positionally looks good for 1500+ with a stop below the lower trendline.
MASTEKNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
MASTEK - QUICK 10% on the huntA strong close with good volumes and above the 2 strong trend line resistances would give the required steam to fly in the days to come.
It would also be a breakout from a Box.
MASTEKMASTEK: Looking Good
Triangle Breakout Closing Above 1200
Buy Above 1200 Add Until 1100 Stop-Loss 1065
Target 1250-1350-1450-1550+++
Positional Call
Target 1060The stock is repeating a same previous action. Time to sell and achieve 1060 target for just in 15 days.
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.
Mastek - A multibaggerMastek - Reached 1200 from 160 levels in last 9 months. Still on uptrend, can buy in small quantities at dips for long term. Stop can be below 1000. Near ATH, if breaks and sustains can reach 1600 levels.
Mastek: Weekly Closed above 52 W High with Increasing VolumeStock of the Week: #Mastek
Entry Price: 1234.10
SL: 802.15
Position Sizing: 8%
Reason: 52 weeks high with high volume breakout. 22.5% Up Trendline.
NSE:MASTEK
Rsi bullish divergence.Golden short term buy recommendationBullishness after a retracement.Go long immediately and book profit at the mentioned target.But don't neglect Stoploss. May hold for more target with trailing stoploss.
