MASTEK has broken above a key resistance zone on the daily timeframe, backed by a strong bullish candle and a significant volume surge.
📌 Breakout Context:
The stock consolidated near the ₹2460–2480 zone for several sessions, forming a horizontal resistance zone.
On July 4th, the price broke out with strong bullish momentum, closing above the resistance with a wide-range green candle and a volume spike.
The breakout candle also closed above both 50- and 100-day Simple Moving Averages, confirming a bullish bias.
💡 Trade Setup:
Entry: ₹2550–2570 (near breakout)
Stop Loss: Below the breakout zone at ₹2472
Target: ₹2780+ (2.2R setup)
Risk-Reward: ~1:2.2 (ideal for swing trades)
🎯 Why This Setup Stands Out:
Volume on the breakout day is notably higher than average, confirming institutional interest.
Clean horizontal breakout from a multi-week range.
SMA structure is bullish, with the price reclaiming key MAs.
⚠️ Disclaimer: This post is for educational purposes only and not financial advice. Always consult your financial advisor before making trading decisions.
📌 Breakout Context:
The stock consolidated near the ₹2460–2480 zone for several sessions, forming a horizontal resistance zone.
On July 4th, the price broke out with strong bullish momentum, closing above the resistance with a wide-range green candle and a volume spike.
The breakout candle also closed above both 50- and 100-day Simple Moving Averages, confirming a bullish bias.
💡 Trade Setup:
Entry: ₹2550–2570 (near breakout)
Stop Loss: Below the breakout zone at ₹2472
Target: ₹2780+ (2.2R setup)
Risk-Reward: ~1:2.2 (ideal for swing trades)
🎯 Why This Setup Stands Out:
Volume on the breakout day is notably higher than average, confirming institutional interest.
Clean horizontal breakout from a multi-week range.
SMA structure is bullish, with the price reclaiming key MAs.
⚠️ Disclaimer: This post is for educational purposes only and not financial advice. Always consult your financial advisor before making trading decisions.
Trade fermée: cible de profit atteinte
The trade is now closed as the target was reached.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.