BEST BUYING ZONE 1965-2000. FUNDAMENTALLY A VERY STRONG SHARE. SHARING THIS NOT FOR TRADING BUT FOR MEDIUM-TERM PERSPECTIVE WITH A HOLDING PERIOD OF MORE THAN 6 MONTHS.
Flag pattern BO is done, now waiting for to sustain above 2050…to see more gains
Mphasis, almost gave channel breakout, enter on buy side with small SL.
NSE:MPHASIS is fundamentally sound midcap IT stock that is working towards multiplying its market cap upto twice than it is today. Consistently increasing sales and profit, the company is promising 'Emerging IT' stock.
Friends as you can clearly see that the stock has faced multiple resistance from upper trend line i.e resistance trend line. Now It has also broke mini support trend line which was drawn using 30min time frame. Both these points prove that the stock might fall from here.
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.
result of mphasis chart analysis
3 VCP Retest Breakout Simple as that.
mphasis chart analysis for intraday and swing trading
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...
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
Riding the Channel. A couple of resistances on the way.
Another breakout. Good chance of making a new high.
In consolidation for quite some time now. Can give breakout now.