MASTEK – Daily Timeframe Breakout Idea (Resistance Zone Break)
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.
Dagangan ditutup: sasaran tercapai
The trade is now closed as the target was reached.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.