MASTEK – Daily Timeframe Breakout Idea (Resistance Zone Break)

7월 7일

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.

7월 23일

거래청산: 타겟 닿음

The trade is now closed as the target was reached.