Mphasis - Range Breakout (Bullish)The stock is trading in a range for a while now. Good volumes have come near the upper band of the range. If the range breakout happens we can see all-time highs in this stock.
MPHASIS
MPHASISNote:
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MPHASIS Short...(Importance of Volume Spurt)PDL Act as a resistance
DL Act as a support
Volume spurt happened in 15min candle
SL hunting happened in this above this candle high
RR--1:2 Given
Stock Analysis of MphasisPrice- ₹1378.70 Dt. - 30-10-2020
Today price made the bullish engulfing pattern on the daily chart at the end of the trading session. on 29th Oct. the price took the support of the trendline and today the stock given the close above 21DEMA. RSI is neutral on the daily chart but on the weekly chart, the stock is near the 70 in RSI. If open in green in the next trading session than it could be the buy signal. If the market condition remains positive than stock can break the 52 week high.
wipro positional viewthe stock is no ones favourite now , been India ' s biggest wealth maker , now set for something huge huge enough to surprise !!!
