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rahulv16697

A clear Wedge BO on hourly timeframe

Short
MPHASIS LTD (NSE:MPHASIS)  
rahulv16697  
NSE:MPHASIS   MPHASIS LTD
Chart Patterns Wedge Technical Analysis stocktrading
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chartpattern wedgepattern technicalanalysis stocktrading
As it is clearly noticable, there is wedge formation on hourly timeframe. From past two days there fair amount of rally in the overall IT sector after the dissappointing Infosys quarterly results.

Note : Mphasis Q4 Fy22 results On April 28

Entry - 2930
Stop Loss - 2860
Time frame - For short term
Target - 3080
Best 1:2 Risk to reward ratio.
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