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MASTEK trade ideas

MASTEK BO [Weekly]MASTEK is giving a 40W BO with good accumulation seen on the charts on daily timeframe. In this current market this stock is showing accumulation. Might be a sign of a leader when market resumes the run. RS Score has improved from 38 on 25th Oct to 70 this week. So in a pressured market, when a stock RS score improves, its good to track it. On top of that we can spot accumulation in that as well. Fundamentally the numbers seem on an upward slope, so the accumulation makes sense when paired with fundamentals. FIIs stake has reduced though, that's a worrying thing for me tbh. On the longer duration front, a huge base weekly BO is upcoming on the chart, so once that overhead supply gets cancelled out, this can rally hard. Waiting to see if distribution occurs at that level or not, if it does, will probably remove it from watchlist.
NSE:MASTEK
by HawkishDove
Amazing breakout on Weekly / Daily Timeframe - MASTEKCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE. PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Do your own research and analysis before investing your hard earned money. Happy trading 4ever folks!
NSE:MASTEKLong
by Yoyohoneysingh93
SwingTrendlines: An orange ascending trendline connects the series of higher lows since mid-2023. This indicates a strong uptrend, with the stock consistently moving upwards. The red horizontal line represents a significant resistance level near ₹3,127.90. This is where the stock previously faced selling pressure or consolidation. Breakout Potential: The stock is currently near the resistance zone, attempting to break out above the ₹3,127.90 level. A confirmed breakout above this resistance with increased volume could indicate further upward movement. Volume Analysis: There is a noticeable spike in trading volume, which often suggests increased investor participation. High volume on a breakout validates the move and strengthens the bullish sentiment. Candlestick Pattern: Recent green candles with long bodies indicate strong buying momentum. A weekly close above the resistance level would confirm a bullish breakout. Interpretation: If the stock closes above ₹3,127.90 with strong volume, it may target higher levels, potentially testing previous highs near ₹3,800. Conversely, if it fails to break the resistance, it might retrace to the orange trendline support or consolidate before the next move. Trading Consideration: Buyers: A confirmed breakout above ₹3,127.90 with increased volume is a buying opportunity for momentum traders. Stop-Loss: Place a stop-loss below the trendline (e.g., ₹2,900). Targets: Short-term target near ₹3,500 and longer-term target near ₹3,800. This analysis is based on technical patterns and doesn't account for company fundamentals or external market factors. Always conduct your research or consult with a financial advisor before trading.
NSE:MASTEKLong
by iamsaurabh533
Mastek- Cup and Handle Pattern Mastek Ltd. 3099- Cup and Handle Pattern 1. Pattern Analysis Pattern Name: Cup and Handle Pattern Timeframe: 2.5 years Description: The Cup and Handle pattern consists of a rounded bottom (the "cup") followed by a smaller consolidation phase (the "handle"). This pattern represents a long accumulation period where selling pressure gradually weakens, leading to a breakout as buyers take control. In this case, the cup has formed over the past 2 years, followed by a handle that completed over several months. The breakout above ₹3,000, which marks the resistance level, confirms the pattern. 2. Volume Analysis Volume Behavior: During the cup formation, volume gradually declined, indicating diminishing selling interest. As the handle formed, volume further reduced, showing consolidation and the potential for a breakout. Current Volume: A significant volume increase accompanied the breakout above ₹3,000, confirming the bullish signal. Rising volume on breakout from a Cup and Handle pattern is a positive sign, as it indicates strong buying interest and supports the breakout’s legitimacy. 3. Price Action and Candlestick Analysis Candlestick Patterns: The breakout candle was a strong bullish candlestick, closing above the resistance level of ₹3,000. The closing near the weekly high signifies buying pressure and the potential for a sustained move. This bullish candlestick further validates the breakout from the Cup and Handle pattern. 4. Validation of Bullish Signal Breakout Confirmation: The breakout above ₹3,000, backed by strong volume, confirms the bullish continuation signal for the Cup and Handle pattern. This breakout suggests the start of a new uptrend. Key Levels: Resistance Level: ₹3,000, the breakout level, which has now turned into support. Next Target Levels: Calculated based on the height of the cup from the lowest point to the breakout level. 5. Entry Point Determination Primary Entry: Near ₹3,000 on confirmation of the breakout above the handle’s resistance. This level has already shown strength as the stock broke out with high volume. Alternative Entry: A potential retest of the ₹3,000 level could provide an additional entry opportunity. This conservative approach could help validate the level as support. 6. Target Setting Pattern-Based Target Calculation: The target for a Cup and Handle breakout is typically measured by taking the depth of the cup and projecting it upward from the breakout point. Cup Depth: The cup extends approximately from ₹1,800 to ₹3,000, giving a height of around ₹1,200. Projected Target Price: Primary Target: ₹3,000 + ₹1,200 = ₹4,200. Interim Target Levels: Additional targets can be set for profit-taking at increments along the way to the full projection, such as ₹3,300 and ₹3,600. 7. Stop Loss Placement Recommended Stop Loss: A stop loss should be placed just below the breakout level, around ₹2,900. This level serves as a buffer in case of a minor retracement, protecting against a potential false breakout. Alternative Stop Loss: A more conservative stop could be set at ₹2,800, providing further room for fluctuations but still maintaining control over downside risk.
NSE:MASTEKLong
by Mr_Chartist_
MASTEK LTD WILL IT BREAKOUT OR WILL IT CONSOLIDATE & FIZZLE OUTNSE:MASTEK Ltd. an interesting chart to keep on radar near breakout / resistance zone, Will it breakout or will it consolidate ? Wait and watch Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:MASTEKLong
by rajivrajeev
MASTEK LTD DAILY CHART DARVAS BOX BREAKOUT TRADEThe stock has formed DARVAS BOX & Given a strong breakout on the DAILY chart with good Volumes. One can enter above 3014 with a strict Stoploss of 2830 Target 1 - 3200 Target 2 - 3400 Target 3 - 3550 #SWING TRADE What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:MASTEKLong
by JJJ-555