ShelendrAgrawal

Mphasis Chart Analysis !!

Long
NSE:MPHASIS   MPHASIS LTD
πŸ“ˆ Mphasis Ltd. πŸ“‰

Mphasis Ltd. broke out from a downtrending trendline zone after testing three times and it was inside a beautiful triangle pattern as well. Yes it has closed at high of Fab and March too.
So I am biased on long side.

On Buy Side I am looking for initial Targets of 3548.

StopLoss should be kept at 3250.
It offers 1:2 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached

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