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Stock analysis Mastek Limited MASTEK

More indepth analysis on MunafaSutra.com

Moving Averages for Mastek Limited

  • 5Day Average: 2706.59
  • 12Day Average: 2792.81
  • 20Day Average: 2867.48
  • 50Day Average: 2823.65
  • 100Day Average: 2712.02
  • 150Day Average: 2729.85
  • 200Day Average: 2728.69

MASTEK Indicators & signals

Indicator MACD (12,26,9)

2773.93, 2814.05, -13.19
Indicator MACD is in negative zone

Indicator ADX (14)

30.66, 11.29, 21.28
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MASTEK Mastek Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Sep 2024 2713.25 2707.55 to 2751.20 -0.08% 0.23 times
12 Thu Sep 2024 2715.30 2685.95 to 2727.60 1.9% 0.26 times
11 Wed Sep 2024 2664.70 2643.15 to 2768.00 -3.06% 0.35 times
10 Tue Sep 2024 2748.80 2691.25 to 2751.90 2.15% 0.37 times
09 Mon Sep 2024 2690.90 2674.30 to 2749.90 -1.38% 0.33 times
06 Fri Sep 2024 2728.50 2713.95 to 2808.00 -1.01% 0.97 times
05 Thu Sep 2024 2756.30 2742.00 to 2874.30 -2.6% 1.51 times
04 Wed Sep 2024 2829.80 2752.00 to 2974.80 -2.58% 5.54 times
03 Tue Sep 2024 2904.70 2879.60 to 2935.00 0.66% 0.16 times
02 Mon Sep 2024 2885.55 2880.05 to 2962.55 -1.88% 0.28 times
30 Fri Aug 2024 2940.80 2931.00 to 3018.90 0.19% 0.23 times
29 Thu Aug 2024 2935.15 2906.00 to 2989.95 0% 0.23 times

Technical analysis forecast for Mastek Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mastek Limited MASTEK at this time. Stock is falling and might fall more.

It appears as if Mastek Limited MASTEK gave a large move recently.

Stock of Mastek Limited (MASTEK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mastek Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2685.5 as stoploss in an intra day buy trade for a target of 2805.36. However, stock will show a bearish move below 2685.5.

More indepth analysis on MunafaSutra.com