srikartiram

MPHASIS Positional | Cup & handle + Trendline Breakout

Long
NSE:MPHASIS   MPHASIS LTD
CMP : 920
SL : 823
Target : 1060, 1150

1) Very bullish trendline breakout
2) High dividend paying company so attracting buyers more on dips. Recently provided Rs .35/- per share, that is almost 3.5% yield.
3) Excellent delivery volume last 2 weeks, on average the company is having 40% + almost everyday.
4) Cup & Handle is pattern is very strong in sideways market

Consider buying in dips.


Trade closed: target reached: Done and Dusted :)
Trade closed: target reached: Second target achieved as well :) MPHASIS is unstoppable..