📈 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.
On 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+