MPHASISHere is the analysis of the chart I have done.
Please view this chart as a reference and consult your financial advisor before making any investment decisions.
MPHASIS trade ideas
MPHASIS Trading Above Fresh Demand ZonMPHASIS is currently trading at ₹2758.15, slightly above its demand zone between ₹2737.9 and ₹2690.8, identified on 16th August 2024. This fresh zone remains untested, indicating potential buying interest if the stock revisits this range. Investors might consider monitoring for a pullback towards this zone, which could offer a buying opportunity around this support level.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Mphasis still look good in heavy bearish market (Long term)“Hello everyone, Mphasis stock look good Despite the heavy market fall, it is performing well.
After a cup n handle break has occurred.
The volume is also great in this stock, and the relative strength is above 60.
It seems like the stock can maintain long-term momentum.”
Above all, given information is only for educational purpose, Before trade do your own analysis.
MPHASIS GETTING READY FOR ANOTHER RALLY✅The stock is on the verge of breaking out of a long-term descending channel that has capped price movement since mid-2021. A close above 3000 would confirm the breakout and could lead to a sharp rally toward the previous highs around 3500. The stock has been consistently trading above key moving averages—50 EMA, 100 EMA, and 200 EMA—indicating that the long-term uptrend remains intact. These EMAs will act as strong dynamic support levels ensuring that any pullback is likely to find buyers at lower levels.
✅ While the breakout is still developing we’ve already seen a rise in volume, which indicates that the market is gearing up for a strong upward move. A volume spike at the breakout point would confirm the validity of the breakout further boosting bullish sentiment. The RSI stands at 55 reflecting a balanced momentum with room to rise before becoming overbought. The stock has seen consistent demand at these levels and if the RSI continues to rise with price action it will confirm bullish strength.
VIEW ON MPHASISLong lower shadow candle formed in today's session
Low risk trade
Target 3160
Stop loss 3035
I am just representing my views
For educational purpose only.
Mphasis - Multiple BreakoutsCMP 2910 on 19.08.24
It can be seen on the charts that the stock has been forming a triangular pattern and Cup & handle pattern in the last 2-3 years. Already shown the breakouts of both the pattern around July 24. Already retested the breakout in recent sessions and showed a strong bounce back in the last session ( closed 192 points above).
If the momentum continues, the next target area may be around 3230, 3640, and even more.
Plz analyze the chart carefully and make a strategy that suits you. Make an exit according to your risk management. However, if it trades below 2650 levels it will show weakness on the charts.
The above illustration is only my own view, only for learning and sharing purposes, not a buy or sell advice in any way.
All the best.
Amazing breakout on Weekly / Daily Timeframe - MPHASISCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Education purpose only - Mphasis- Stock is in a strong trend but a cooling off period or retracement will make it stronger
- EMA 20 is a strong reversal points
- lets see if it gives a sign of reversal..
- MACD is in buying zone, it should be reversed
- RSI & ADX are giving sign of cooling off and retracement possible
- Target – 2750, SL 3250
MPHASIS // LEVEL // 3H"Welcome to SkyTradingZone "
Hello Everyone 👋
Let's dive into the 3-hour candlestick chart for Mphasis (MPHASIS), a global IT consulting company.
Here are some key insights based on the 3-hour chart:
Current Trend: Mphasis has been trading in a sideways trend over the past few hours, with a slight upward bias.
Resistance and Support: The stock has a strong resistance level at around ₹4,300-4,400 and support level at around ₹4,150-4,200.
Bollinger Bands: The Bollinger Bands are contracting, indicating reduced volatility in the stock.
Momentum: The RSI (Relative Strength Index) is around 50, indicating a neutral momentum.
Candle Patterns: The 3-hour chart shows a small bullish Engulfing pattern at around ₹4,250-4,270, which is a bullish signal.
MPHASIS-Formation of Cup & Handle Pattern Weekly & Monthly ChartMphasis is currently forming a promising Cup & Handle pattern on both the weekly and monthly charts, while honoring it's crucial support at around 3000 levels, the MACD is showing healthy momentum, while the RSI remains above 50, indicating strength and room for growth. Traders should consider entering upon a breakout above the handle's resistance, with a stop loss set below the handle's low, also with a healthy rate cut by the US Federal Reserves that is to be announced today, the stock could give an upside of 10%
What do you guys think?
MPHASIS - Symmetrical Triangle MPHASIS
Name - MPHASIS
Pattern - Symmetrical triangle
Status - Breakout
Cmp - 3104
Target - 5209
SL - 2670
Fundamentals : Good
Here are some key financial ratios for Mphasis Limited:
Price-to-Earnings (PE) Ratio: 28.71
Price-to-Sales (P/S) Ratio: 3.862
Debt-to-Equity Ratio: 0.093
Return on Equity (ROE): 15.2%3
Net Profit Margin: 11.6%3
Enterprise Value to EBITDA: 21.022
These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
Pattern
A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features:
Structure
Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12.
Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1.
Interpretation
Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12.
Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume.
Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1.
Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
MPHASIS potential breakoutOn weekly Chart, the stock is gaining strength as it has recently broken above its key resistance level around 2794 and now trading at 2977.
RSI is above 60 and MACD is also bullish, with a crossover suggesting further upside.
This setup looks promising for a short-term swing trade, especially if the stock continues to hold above the breakout level.
Watch for continuation patterns or a break of recent highs for confirmation.
MPHASIS price action.Buy at 2720-2740. T1- 3483 and
T2- 4271. SL- 2131
Safe traders can exist at T1.
NOTE: This is only for educational purpose and not a buy recommendation.
Mphasis LtdImportant points marked.
*********Investing in equity is subjected to market risk do own research before investing********
**********Details mentioned here are for Education purpose only*********
VIEW ON MPHASISGood chart structure
Breakout seen in the stock
Target 3100
Stop loss 2800
I am just representing my views
For educational purpose only.
MPHASIS again coming in buy zoneAs previously discussed, Mphasis has breached our support levels. Currently, new levels have been established to purchase this stock. A minimum 15% increase is anticipated after this retracement is complete. Therefore, a 1% stop loss should not be a concern if it is triggered.
Mphasis may test 3333 soon.Mphasis is trading in Wave 3rd. As per Elliot wave theory it may test 3333 soon.
IT sector is also in bullish momentum.
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
MPHASIS - Rounding bottom with fresh volumesRounding bottom with fresh volumes.
Targets(T1, T2 & T3) mentioned along with expected time frames. Stop loss marked as SL. Can achieve better targets, should carry trailing stop loss once in good gains. Also keep tracking quarterly results to monitor performance.
Golden Crossover - MPHASIS📊 Script: MPHASIS
📊 Sector: IT - Software
📊 Industry: Computers - Software - Large
Key highlights: 💡⚡
📈 Golden Crossovers are seen into this Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 2925
🟢 Target 🎯🏆 - 3098
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MPHASIS in bull run....Trade with cautionMphasis is exhibiting strong performance, surpassing its previous highs to set new ones. It may retrace slightly after reaching the trendline at 2945 or 2980. Support levels are found at 2853/2835, which represent a good buying zone. However, if it breaks below 2835 with a full candle body, then it would signal an exit. The target for this stock is around the 3200 levels. Happy trading to everyone.
Explosive Growth: Mphasis Cup and Handle Pattern Breakout!Mphasis Cup and Handle Pattern Breakout can be good swing for swing trading should be on radar.
