BALRAMCHINI & MPHASIS Showing High Rise in Future OI

Balrampur Chini
  • The stock price saw a notable decline after dropping beneath the Rising Wedge pattern.
  • Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern.
  • After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again.
  • This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher.


snapshot
Mphasis
  • The stock price is currently in a strong consolidation phase.
  • The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout.
  • To see an upward movement, the price needs to break through the 3,100 level and stay above it.
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