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
Mphasislong
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 to hit 2154 TargetMPHASIS Trading at 1818 levels which are at the oversold levels of RSI with a wide divergence will result in a massive volume breakout
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
MPHASIS ready to rideMphasis Buy near vwap 2321-2326
keep sl 2309
enjoy ride
mcpriceaction
for learning purpose only
Mphasis Chart Analysis !!📈 Mphasis Ltd. 📉
Mphasis Ltd. broke out from a downtrending trendline zone after testing three times and it was inside a beautiful triangle pattern as well. Yes it has closed at high of Fab and March too.
So I am biased on long side.
On Buy Side I am looking for initial Targets of 3548.
StopLoss should be kept at 3250.
It offers 1:2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Mphasis FuturesMphasis Futures
CMP:- 3364.00
Trading SL below:- 3300.00
Target:- 3450.00+
There is a clear bullish reversal from the candles as well as RSI.
Mphasis strong bullish signalOn day charts, Mphasis trading above 100,20 & 13 DEMA,
After earning volumes sustained and in bullish trend, A 10-15 days swing trade can be executed, To be buy above 3370 , Stop loss to be kept at 3250 & target may be 3600+
MPHASIS LONGASCENDING TRIANGLE formation , making higher lows.
prior uptrend established.
breakout above 2760 and view invalid if it breaks the trendline as well as the horizontal green area of support.
