MPHASIS Trading Above Fresh Demand ZonMPHASIS is currently trading at ₹2758.15, slightly above its demand zone between ₹2737.9 and ₹2690.8, identified on 16th August 2024. This fresh zone remains untested, indicating potential buying interest if the stock revisits this range. Investors might consider monitoring for a pullback towards this zone, which could offer a buying opportunity around this support level.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
MPHASIS
Mphasis - Multiple BreakoutsCMP 2910 on 19.08.24
It can be seen on the charts that the stock has been forming a triangular pattern and Cup & handle pattern in the last 2-3 years. Already shown the breakouts of both the pattern around July 24. Already retested the breakout in recent sessions and showed a strong bounce back in the last session ( closed 192 points above).
If the momentum continues, the next target area may be around 3230, 3640, and even more.
Plz analyze the chart carefully and make a strategy that suits you. Make an exit according to your risk management. However, if it trades below 2650 levels it will show weakness on the charts.
The above illustration is only my own view, only for learning and sharing purposes, not a buy or sell advice in any way.
All the best.
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕
Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo.
There is so many ways to approach chart patterns, everyone has different approaches and different insights.
Some Examples of Cup & Handle pattern we have seen:-
1)
2)
3)
4)
5)
6)
POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
BALRAMCHINI & MPHASIS Showing High Rise in Future OIBalrampur Chini
The stock price saw a notable decline after dropping beneath the Rising Wedge pattern.
Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern.
After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again.
This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher.
Mphasis
The stock price is currently in a strong consolidation phase.
The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout.
To see an upward movement, the price needs to break through the 3,100 level and stay above it.
Golden Crossover - MPHASIS📊 Script: MPHASIS
📊 Sector: IT - Software
📊 Industry: Computers - Software - Large
Key highlights: 💡⚡
📈 Golden Crossovers are seen into this Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 2925
🟢 Target 🎯🏆 - 3098
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MPHASIS (Weekly Breakout Candidate)MPHASIS (CMP: 2,873) has given a breakout on weekly chart. The stock has formed a cup and handle pattern on weekly chart. Possible upside from current level remains for 3,000, 3,200, 3,500. Also increasing volumes can be seen on weekly chart. #MPHASIS
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
LONG MPHASIS - SWING TRADE IDEASymbol - MPHASIS
Mphasis is currently trading at 2254
2200 - 2260 is a good support area for Mphasis.
I'm seeing a trading opportunity on buy side.
Buying Mphasis Futures at CMP 2254
I will be adding more if 2230 comes & hold with SL of 2180
Targets I'm expecting are 2370 - 2450 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Mphasis - Keep On WatchFor the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase.
Possible early targets may be 2600/2700.
The setup fails if the price trades below 2340 ( below the channel).
This is only for learning and sharing purposes, not a trading advice in any form.
All the best.
MPHASIS - LOOKING WEAK FOR THIS WEEK - SHORT ENTRYAs per Chart MPHASIS suggests strong downtrend Momentum.
If trend continues we can see more Fall.
IT is underperforming as compared to NIFTY 50 and MPHASIS also showing weakness.
So the pattern will active below 2375
And pattern will be neglated above 2445
breakout trading !In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed decision-making.
Outlined below are key aspects related to breakouts in technical analysis:
Definition: A breakout occurs when the price of an asset surpasses a well-defined level of support or resistance. The breakout can manifest as either an upward movement (bullish breakout) or a downward movement (bearish breakout).
Significance: Breakouts carry significance as they indicate a shift in market sentiment, suggesting that the prevailing trend may be weakening or reversing, potentially giving rise to a new trend.
Types of Breakouts:
Bullish Breakout: This occurs when the price surpasses a resistance level, signaling potential upward momentum.
Bearish Breakout: In contrast, a bearish breakout happens when the price drops below a support level, indicating potential downward momentum.
Volume Confirmation: Successful breakouts are often accompanied by an uptick in trading volume, serving as confirmation of the robustness of the new trend. Volume analysis is instrumental in validating the legitimacy of the breakout.
False Breakouts: It is important to note that not all breakouts lead to sustained trends. False breakouts can occur, wherein the price briefly breaches a support or resistance level but subsequently reverses. Traders commonly employ additional technical indicators or await confirmation before acting on a breakout.
Measuring Target: Traders frequently use the height of the pattern preceding the breakout, such as a triangle or rectangle, to estimate the potential price target. This aids in setting profit targets.
Common Chart Patterns Leading to Breakouts:
Triangles: Symmetrical, ascending, or descending triangles often precede breakouts.
Head and Shoulders: Both inverse and regular head and shoulders patterns can signal potential breakouts.
Rectangles and Flags: Consolidation patterns like rectangles and flags can lead to breakouts.
Role of Trendlines: Trendlines are commonly employed to identify potential breakout points. The intersection of a trendline with a support or resistance level is deemed a critical zone for a potential breakout.
Risk Management: Traders typically incorporate risk management strategies, such as setting stop-loss orders, to safeguard against false breakouts or adverse market movements.
In summary, breakouts in technical analysis are pivotal events offering valuable information to traders and investors about potential shifts in market trends. Effective breakout trading strategies involve confirmation, volume analysis, and meticulous consideration of various chart patterns.
MPHASIS - heading towards 3600NSE:MPHASIS
cmp 2800
MPHASIS gave breakout on weekly chart at 2760 zone in Dec 23
then gave a pullback till 2500 in Jan-Feb 24
now back to 2800 and heading towards 3600
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
MPHASISMphasis Limited is a information technology (IT) services and solutions provider. The Company is engaged in offering applications, business process outsourcing (BPO) and infrastructure services
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
MPHASIS - Bullish Consolidation with VolumesNSE: MPHASIS is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Mphasis Forms Head and Shoulders Pattern: Time to Take NoticeThe stock, Mphasis has recently developed a Head & Shoulders pattern, signaling a potential trend reversal. Traders should exercise caution and consider implementing proper risk management strategies. On the chart, clear indications for stop-loss and two target levels have been outlined.
Please note that this information is not financial advice but a market observation. Always trade responsibly and make decisions based on your analysis and risk tolerance."
MPHASIS TRENDLINE REVERSALNSE:MPHASIS
Mphasis Ltd. engages in the provision of application development and maintenance services, infrastructure outsourcing, and business and knowledge process outsourcing solutions. It operates through the following segments: Banking and Financial Services, Logistics and Transformation, Technology Media and Telecom, Insurance, and Others.
Trendline Support + just dropped below 200 EMA and started consolidating.
Major support and resistance flip Zone.
Nifty It closed around 200 ema support.
The low is 0.5 fib retracement or major bull trend.
StopLOSS - Below Flip zone.
Check the chart for a visual view.
Keep learning.
Happy Trading.
IT stock to watch before reversalIdea is shared as Long term reversal pick only for educational purposes.
Stock name:-Mphasis
Market cap around 40000 crore
Buy in range of 1950-2050
Technically IHNS Breakout above 2500.
SL below 1650 WCB
Targets 3500, 4000++
Diving into some fundamental ratios at CMP:-
PE ratio-25 (Near 5 yr median PE and industry PE)
ROCE-28.9%
ROE-21%
Debt/Equity-0.2|| Debt/Earnings-0.96
Div yield above 2%
Promoter holding above 55% with no holding pledged.
One noteworthy observation is DII have increased stake from 17.78% to 22.55 % in last 1 year.
MPHASIS (GATE ANALYSIS)Gate analysis (30 Min)
If price sustain above 2525 with good volume
Buy@ CMP
StopLoss@2470
Multi TF ( As per gate analysis)
1. On 5min & 15min it was proper time correction
2. On 30min forming gate (wait for 2525 B.O)
3. On 1hr it was 50 ema retest
4. On Daily Tf it was 20 ema retest.
Satisfy all condition
Note: Also IT Sector have some good space in this market situation.