Category: Pattern
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Chart Analysis | Mastek Ltd
Mastek Ltd is a premier enterprise digital and cloud transformation specialist, helping businesses navigate the digital landscape since 1982. With operations in over 40 countries, Mastek provides innovative solutions to large public and private enterprises, driving digital excellence and competitive advantage. Headquartered in Mumbai, India, Mastek is committed to delivering value, trust, and velocity to its clients. Chart of Mastek Ltd Mastek Ltd appears to be forming a cup and handle pattern on the weekly chart, which began with an initial uptrend followed by a consolidation phase. This classic technical pattern suggests a potential continuation of its upward momentum, indicating that Mastek Ltd may resume its bullish trajectory. Examining Mastek Ltd’s…
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Double bottom in IT sector
Double Bottom A double bottom is a pattern in asset prices that creates a W-shaped movement. It indicates that after two lows, there will be a significant possibility increase in price. Most of IT sector stocks are forming double bottom pattern right now. Infosys After forming double bottom, it brokeout with high volume and and…
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Persistent System: Chart Analysis
Introduction Indian Multinational IT Services: Established in 1990, Persistent Systems is a major player in the Indian IT industry, with a global presence. Focus Areas: Their expertise lies in cloud computing, internet of things (IoT), endpoint security, big data analytics, and software product engineering services. Publicly Traded: The company is listed on both the Bombay…