MPHASIS trade ideas
Breakout on a very strong bullish chart..mphasis was a breakout some time back, now it has made ATH and making a continuation pattern.. Expect more higher levels from here..
NSE:MPHASISDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
MPHASIS getting ready for Triangle pattern BONSE:MPHASIS Can look for trade after triangle pattern breakout... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
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Note: Reposting since my earlier post is hidden due to contact info added in wrong area.
MPHASIS 1D chart making a trianglePlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
#MPHASIS DAILY CHART VIEW!!#MPHASIS DAILY CHART VIEW!!
Mphasis Ltd. trading in an uptrend and constantly respecting uptrend line and 50 SMA.
Presently the stock consolidating in a narrow range and likely to see further momentum above 1415 level.
Technical parameters looks neutral as of now.
Keep a watch.
Stock Analysis of MphasisPrice- ₹1378.70 Dt. - 30-10-2020
Today price made the bullish engulfing pattern on the daily chart at the end of the trading session. on 29th Oct. the price took the support of the trendline and today the stock given the close above 21DEMA. RSI is neutral on the daily chart but on the weekly chart, the stock is near the 70 in RSI. If open in green in the next trading session than it could be the buy signal. If the market condition remains positive than stock can break the 52 week high.
MPHASIS BUY CALL FOR FUNDAMENTAL TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
