Stock price has broken out on the daily chart with higher volumes.
➢ Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA
➢ Oscillators like RSI and MFI is showing strength in the current uptrend
➢ Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current
uptrend
➢ TK cross over around 2050 and MACD cross over at 2070
➢ Considering the Technical evidences discussed above, we recommend buying Mastek at CMP of 2100-2150
and average at 2050 for the upside targets of 2375 and 2600, keeping a stop-loss at 1970