friendlyExpert28021

Channel pattern-Potential up or downside

NSE:MPHASIS   MPHASIS LTD
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Mphasis has been in the uptrend like most other stocks since December.
The stock has been moving in a channel like pattern since then, between 1500 & 1787 after reaching 52 weeks high.
Expecting a potential breakout downwards since the stock has recently reached 52 weeks high.
RSI is at 60s and shows a downward trend supported by volume .

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