Mphasis - Ready for another Bull RunStock after stage 1 breakour and sharp upmove went in to consolidation
Trend change visible again
Volumes are strong
Expect atlst 10 to 15% move
2800 can act as strong support
Mphasischartanalysis
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 -22.11.2023Trigger live above 59.22 will reach 66.95, Cash Price -24-45
Trigger line below 51,93, will reach 43,33, Cash price - 24-45
Mphasis - Intraday _ 06.11.2023MPHASIS 15 MINUTE CHART -INTRADAY 06.11.2023
If trigger line crosses over 60.51, it may reach to 67.70, 40 to 60 Rs in cash.
If trigger line crosses below 52.40, it may reach to 40.31, 40 to 70 Rs in cash.
MPHASIS | NEAR SUPPORT ZONE @ 2030 - 2020MPhasis trading near it's hourly support zone @ 2030 - 2000 and expected to show a bounce towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MPHASIS range breakoutMPHASIS (NSE) has broken out of its range with heavy volume. This breakout has also happened at the 200 day moving average.
Keeping the range consolidation zone as the probable area of up trend, we can keep the target as previous resistance zone of 2450. Conservative investors can wait for a reversal and confirmation before placing a trade.
MPhasis may go up or go down?? As per Harmonic PRZ pattern, MPhasis may go up till 2382 And stop loss will 2150 for next week
mphasisstock has made head and shoulder pattern on monday if break 1900 level it will give downside move
MPHASIS @ Major Resistance !!NSE:MPHASIS
#NSE:MPHASIS tradaing @ major resistance level, consolidating from long time, BO sustainability may give good momentum.
Good above 2160
Delivery call In this stock breakout done and now its retesting and spot buyer are taking their position, so now time to buy price 2350 sl 2300 and target 2550
its only for education purpose , i am not any financial advisor ,( DYOR )
MPHASIS ready to rideMphasis Buy near vwap 2321-2326
keep sl 2309
enjoy ride
mcpriceaction
for learning purpose only
Mphasis Chart Analysis !! 📈 Mphasis 📉
My Findings :-
1. Breakdown of Support Zone 2850-2900.
2. Close below Six Month Low.
3. Whole IT Sector is showing Weakness.
Bias- Short
Target- 2600 and 2300
SL- 3037
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
