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 volume and delivery data reveals both are now double their 5-month average, indicating increased market interest and potential bullish momentum.
Strategy:
Buy 1/3 qty before breakout and rest after breakout (3150).
Stop Loss in both cases 2583.
For Youtube video Checkout here.
Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.
Disclaimer: – I am not SEBI registered advisor. Please consult a professional advisor before taking any decision. This is not buy/sell recommendation.
Leave a Reply Cancel reply