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Mastek

Discussion in 'Technical Analysis' started by sujan4bw, Aug 14, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    Today there is breakout in Mastek of previous high of 132.75 on 25-07-12.

    Its also making higher highs and high lows. My view is one can go long above 138.

    Let me know your comments.

    Regards
    Sujan
     

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    sujan4bw, Aug 14, 2012
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  2. csnatu

    csnatu New Member

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    Yes,I agree with you.
     
    csnatu, Aug 14, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Today mastek has made a run up of 12.43% and closed @ 151.1.
    Yester day there was break out @ 133.
    Now the stock has out of reach.
     
    sanjay_sansanwal, Aug 14, 2012
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  4. masihpatel

    masihpatel Active Member

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    Nice pick, made high of 152.9 today and closed at 151.
     
    masihpatel, Aug 14, 2012
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  5. sujan4bw

    sujan4bw Member

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    Thanks Sanjay, I had looked at the chart around 4.00 today by that time today's EOD price is not updated in Chart
     
    sujan4bw, Aug 14, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It's ok, human error what to do.
     
    sanjay_sansanwal, Aug 14, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Good breakout on good volumes.
     
    shabbir, Aug 14, 2012
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  8. sujan4bw

    sujan4bw Member

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    Mastek todays 52 week high is 178. It's rocking...17% up today.
     
    Last edited: Aug 16, 2012
    sujan4bw, Aug 16, 2012
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  9. ravirajpr

    ravirajpr Responder

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    Mastek was in my radar after range breakout and was waiting for a pullback for an entry at Fib retracement 0.618 anticipating for a follow through.
    However exited on 9th Dec for the following 2 reasons
    1) Assumed IT stocks was not favored by Market
    2) Price may consolidate in range for a longer time due to this
    so exited and moved to another stock.
    Price did not even touch my SL of 250/-

    My earlier analysis of the follow through happened after 3 days on 15th Dec and price did bounced and made a high @420/-
     

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    ravirajpr, Dec 30, 2014
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