MASTEK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a detailed technical analysis of Mastek Ltd (MASTEK) based on current indicators and price action

📊 Trend Overview

Current Price: ₹2,453

50 DMA: ₹2,456 | 200 DMA: ₹2,508 → Price is slightly below both DMAs, suggesting short-term weakness and neutral-to-bearish trend.

RSI (45.7): In the neutral zone, leaning toward bearish.

MACD (15.7): Positive, but needs confirmation with signal line crossover.

Volume: Significantly below average, indicating low participation and lack of momentum.

📌 Trend Status: Consolidating, with a mild bearish bias.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent formations show indecision; no strong bullish or bearish continuation.

Bollinger Bands: Price near mid-band, suggesting range-bound movement and low volatility.

Volume Trend: Declining volume may signal lack of conviction in current price action.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 2,420 Near recent pivot low

Support 2 2,380 Historical support zone

Resistance 1 2,480 Minor swing high

Resistance 2 2,525 Trendline resistance

Major Resistance 2,600–2,650 Pre-breakdown zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,380–₹2,420 (on pullback near support)

Exit Zone: ₹2,480–₹2,525 (short-term resistance)

Stop Loss: ₹2,350 (below key support)

🧠 Summary

Momentum: Weak

Trend: Consolidating

Volatility: Low

Short-Term Outlook: Cautious; wait for volume spike and MACD crossover for bullish confirmation

Would you like to explore how Mastek compares with other mid-cap IT stocks like Coforge or Persistent Systems?

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