MASTEK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Mastek Ltd (MASTEK)

📊 Trend Overview

Current Trend: Weak and range-bound

Phase: Consolidating with bearish undertones

Bias: Neutral to mildly negative, with signs of fatigue and lack of momentum

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,485

200 DMA: ₹2,505

Current Price: ₹2,464

Price is below both DMAs → signals short-term weakness

Flat slope on both averages → confirms consolidation

🔹 RSI (Relative Strength Index)

RSI: 47.5

Neutral zone → no overbought/oversold signal

Indicates indecision and lack of momentum

🔹 MACD (Moving Average Convergence Divergence)

MACD: -10.6

Negative MACD → bearish momentum

No crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands are tight → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 1.15 lakh

1-Week Avg Volume: 2.30 lakh

Volume is significantly below average → weak participation

Suggests lack of institutional interest or conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,400 Minor support zone

Support 2 2,300 Previous swing low

Resistance 1 2,505 200 DMA, key ceiling

Resistance 2 2,650 Intermediate resistance

Resistance 3 2,850 Trend reversal confirmation zone

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹2,400–₹2,450 (on pullback near support)

Exit Zone / Profit Booking: ₹2,650–₹2,850 (resistance and reversal zone)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹2,505 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

MASTEK is currently consolidating with bearish undertones. Technical indicators show indecision, and the price is struggling to hold above key moving averages. Traders may consider accumulating near ₹2,400 with a tight stop-loss, targeting ₹2,650–₹2,850 if volume confirms a breakout.

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