MPHASIS trade ideas
Mphasis seems ti very bullish today,it will change to reach 1300Mphasis gona rock in upcoming months today cmp is 1083 /..i hope it will reach 1300 in next 70 working days.
MPHASIS - 10 YEAR HIGH BREAKOUTMPHASIS
CMP 880.
Monthly chart.
10 year high breakout observed at 795-800 with good volumes along with rising MACD histogram.
1200 plus expected from medium term perspective.
Stop should be at 730.
Break out on progress , long @ 820 postional , stop 767 and holdwill look to add more on replacements if any for now stock in in new uncharted territory
on verge of multi year breakout , go long on some retracement near 750 ish , not sure exactly how to trde this one , as it could fake out and spill back to 710's . but if it breaks then it may be a 1x return potential this year itself
Long MPHASIS Inverted Head & ShoulderTarget 687
Stoploss 575 Daily Candle Close Basis (i.e Daily Candle Closing below this price)
