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skandha1986
Jul 29, 2022 1:49 PM

MPHASIS - LONG - 10% upside potential Long

MPHASIS LTDNSE

Description

Position: Go Long
Pattern: Inverse head and shoulder pattern formation
Level: Post HRly candle close above 2350
Target: 2550 levels
Also good for investment as Inverse HnS is trend reversal pattern.
Comments
Dhruv15121993
should I buy a call option for same stock on strike of 2400
TheNewsCrypto
@Dhruv15121993 naked option kills your capital and also increase your fear
skandha1986
@TheNewsCrypto, agree, this is positional view, so prefer cash purchase only. Buying call option will kill your capital over time due to time decay if the stock takes time to move.
TheNewsCrypto
TheNewsCrypto
Take hedge position
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