#Mastek,around 1600/1610 will give good risk reward for long
Mastek is one of favourite stock and I have made good money in this counter. I entered around 663 when it broke out of its multi year resistance on 6-8th Aug 2020, made pyramid entry around 28th Dec 2020 which increased my avg price. Added final qty around 28th June 2021, my exit was around 3300+ which gave me 148%+ returns. I was lucky enough to get benefit of the rally which came during covid. Now this stock is again showing some signs of bullishness, I have 2 plan
1) enter around 1600-1610 which will give me very low risk but high reward setup
2) wait for 2 daily closing above 1680 and then enter.
In both the cases my Targets would be 1) 1740 2) 1810 3)1962 4) 2146 5) 2260. After achieving these target's I will trail my SL so ensure no loss in the trade. SL in both cases would be any day closing below 1460.
Happy Investing :)
I am not SEBI registered, equity investment are 100% subject to market risk. This post is for education purpose only.
1) enter around 1600-1610 which will give me very low risk but high reward setup
2) wait for 2 daily closing above 1680 and then enter.
In both the cases my Targets would be 1) 1740 2) 1810 3)1962 4) 2146 5) 2260. After achieving these target's I will trail my SL so ensure no loss in the trade. SL in both cases would be any day closing below 1460.
Happy Investing :)
I am not SEBI registered, equity investment are 100% subject to market risk. This post is for education purpose only.