MPHASIS trade ideas
Possibility of breakdown in MphasisHead and shoulder pattern.
Negative out look on hourly chart.
small support before neckline.
Can go short below neckline.
Mphasis Ltd - LongHi Guys,
Please find the detailed analysis of my view in Mphasis Ltd!!!
Time Frame of Chart - Daily
Market Structure - Advance
Swing Point - Swing Low to Swing High
Last Line of Defense is Braked ? No
What Type of Trend? Strong Trend - EMA 20 and Healthy Trend - EMA50
ATR Volatility? Flat
CPR? - Bullish Bias
What type of CPR? Extreme Narrow
Previous Virgin CPR is there? NO
Trend: Bullish
Chart Pattern: Triangle
Build Up happened before /after the breakout of the Chart Pattern? Yes At Resistance
Breakout Happened? Yes
Breakout Happened with god volume in Chart Pattern? Yes
Post Breakout Next Candle in-line with breakout candle? Yes
Retest Happened? Yes
Whether Breakout happened near the CPR? Yes
Post Retest Any Candlestick Pattern Found Inline With? Yes. Morning Star
In Area of Value whether any trend continuation pattern Found? Yes. Bullish Harami
Support: 2177, 2100 and 2000
Resistance: -2269
Trading:
Buy : Above 2100-2120
SL - 2069.25 ( Closes Above Daily in TF)
Target - 2328 ( Based on Fib Extn)
Risk: 50.70
Reward: 208
Ratio: 1:4.10
Trade is Favorable ? Yes
1Hr Time Frame:
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor.
MPHASIS may reach 2070 due to flag pattern formationMPHASIS may reach 2070 due to flag pattern formation
This is not a recommendation , only for educational purpose
MPHASIS TRENDLINE BREAKOUT- 15MINSBUY MPHASIS AROUND- 2060
BUY TARGET- 2130
INTRADAY VIEW
MPHASIS HAS BREAKEN OUT TRENDLINE IN 15MINS TIME FRAME.
BUY ON EVERY DIPBEST 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.
[Swing] Bullish Flag formationBullish Flag formation in daily chart of Mphasis. Entry, stoploss, and target as marked on chart. Buy if today's high is breached.
Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Breakout-Retest-ContinuationMphasis after breaking the uptrend has retest to its uptrend resistance and now it is continuing its bullish run. Can be bought for a target of 2050.
CMP-1965.
Please Like and follow!
Happy Trading :)
PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to mix fundamental and technical analysis to protect capital.
channel break outas you can see it has given a nice channel breakout and re-tested also.....and it is ready to head higher....the only concern is 2000 is a good psychology level, once it is also taken out, then there is nothing to stop......
