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MPHASIS

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.
NSE:MPHASISLong
by chartistamey
MPHASISMPHASIS:- The stock is moving under the Darvas box, if we get an upside breakout, we may see upside movement Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MPHASISLong
by AjayDhakad_Keep_it_simple
MPHASIS Mphasis after making a top in 2018 corrected for around 50% from its previous and then went on to make a rounding bottom formation and breakout of the same in 2020 May, from there it went on to give huge return. Now again after correcting from recent top for about 50%, it has made a rounding bottom formation and is giving a good breakout above it. Although weekly closing is pending tomorrow (so for confirmation, need to wait till tomorrow) History suggest it may again give a good run from here
NSE:MPHASISLong
by aktradelearning
Are You still Bearish in IT stocks ???IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index. On an Hourly TF index is bullish above 28k, On a 4 Hr TF index is bullish above 28.5k On a daily TF index is bullish above 29k On a Daily TF index is bullish above 30.5k once the index will hit 30.5k then it will complete a cup pattern + an Inverted HnS pattern on Weekly chart. so Stay tuned to it, Note - These levels are drawn on Fib level & support/Resistance, setup may take time of 3- 6 months. Its not a trade recommendation.
NSE:CNXITLong
by TheStocktrader_Skn