Mastek Limited
Long
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MASTEK - Multiyear Breakout

179
This is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks.

From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.

However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.

Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
Note
Will keep climbing slowly and steadily

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