Stock is a Techno Funda pick with a medium term holding period. The company operates in drilling rigs which are used extensively in mines such as coal, copper, gold, iron, zinc, phosphate, bauxite, lignite, limestone, etc.
India is seeing an increase in mining activity after a deadlock of about 5 years.
A theses in play here is that, a company which servives a...
Mastek was a suggestion to trading account holder at IndianStockss.com around 211 levels.
Company is due to declare its results today. The stock has been trading inside a box of 20 points since last 5 days. A range break is on cards.
A closing above 114 level will mark a new rally for the stock.
Stock has already run up in recent times, a consolidation can not be ruled out. I would like the stock to move past 114 and then do a retest of the Breakout.
Today was a low volume day and a consolidation in narrow range was seen.