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.
MPHASIS trade ideas
Breakout in MPHASISCup & Handle Breakout
RSI above 65 and rising
Trading above EMA50
Volume increasing
28+ months of consolidation
Disc: for study, not a recommendation
MPHASIS (Weekly Breakout Candidate)MPHASIS (CMP: 2,873) has given a breakout on weekly chart. The stock has formed a cup and handle pattern on weekly chart. Possible upside from current level remains for 3,000, 3,200, 3,500. Also increasing volumes can be seen on weekly chart. #MPHASIS
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
MPHASIS - Weekly AnalysisIn the Weekly Chart of MPHASIS ,
we can see that, it has given Cup & Handle breakout.
Let it retest and or halt for 2-3 week for stronger move.
After that enter with SL and Go Long.
Expected move is shown in chart.
Mphasis Ltd Cmp 2799 Cup & Handle BOMphasis Ltd Cmp 2799 dated 16-7-2024
Weekly Chart (Positional)
1. Cup & Handle Pattern BO @ 2830
Buy above 2830 target 2885-2950-3000-3050-3100-3150-3200-3300-3450 SL 2700
Pattern Target 4000 SL 2200
It is just a view, please trade at your own risk.
MPHASIS | Swing Trade | Breakout with 25% upward momentumChart Analysis
1) Market down trend is broken with high green candles
2) Good Volume support
3) Stock taking EMA20 support as well
Head & Shoulder PatternHead & Shoulder Pattern on weekly Chart
Near Resistance, Weekly RSI near 60
Once it is crossed, Very good Targets, Could be a positional trade
SL this week candle low
Positional BUY Set-upMonthly 20 MA support
Daily - HS in formation with consolidation
Buy - if Breakout and band walk
SL- Breakdown of consolidation and RSI below 40.
Trendline Role ReversalPrice- Bullish Candle (5 Jun 24) At Trendline Support after Spinning Top 4 Jun 24
RSI Daily- Bullish Range Shift
MPHASISMPHASIS taking good support high possible to move and breaks resistance i think if market strong
LONG MPHASIS - SWING TRADE IDEASymbol - MPHASIS
Mphasis is currently trading at 2254
2200 - 2260 is a good support area for Mphasis.
I'm seeing a trading opportunity on buy side.
Buying Mphasis Futures at CMP 2254
I will be adding more if 2230 comes & hold with SL of 2180
Targets I'm expecting are 2370 - 2450 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MPHASIS - bullish ABCD tgt 3080-3114Mphasis Ltd. is an interesting chart with following
1. High Trade and Delivery quantity
2. Increasing Relative Strength to bench mark index and sectoral index
3. Close within 52 week high zone + above last month's high
4. Both SRS and ARS above zero
5. RSI on all time frames above 60
6. Narrowing Bollinger Bands on Daily chart
7. Price Moving on upper Bollinger Band on daily chart
8. ABCD Pattern under formation on daily Chart
9. Break out and retest of Cup and Handle Pattern on Weekly chart.
Major Support at 2590 zone being 20 SMA and positional support near 2490 to 2440 zone
Can be a good risk reward with buy on dips and dips only with stop loss as per one's own risk reward matrix and for targets of 2970 and 3114 respectively in near term
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
MPHASIS 01-04-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
points to note:
1) trendline breakout possible.
2) price in in good support. we may see target 1 shortly .
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Mphasis - Keep On WatchFor the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase.
Possible early targets may be 2600/2700.
The setup fails if the price trades below 2340 ( below the channel).
This is only for learning and sharing purposes, not a trading advice in any form.
All the best.
MPHASISMPHASIS Price making Higher high and running in parallel channel from April 2023.
Now its near lower end of the channel & trendline support area also there
price near Fibonacci retracement level, 61.8% .
morning star candle stick pattern at 61.8%
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
REVERSAL SPOTTED IN MPHASISMphasis is resting near 200 ema on a daily time frame
bullish rally can be seen from 2450 level
MPHASIS - LOOKING WEAK FOR THIS WEEK - SHORT ENTRYAs per Chart MPHASIS suggests strong downtrend Momentum.
If trend continues we can see more Fall.
IT is underperforming as compared to NIFTY 50 and MPHASIS also showing weakness.
So the pattern will active below 2375
And pattern will be neglated above 2445
MPHASIS bottom channel retestIts moving in a channel and is at the bottom currently. We can enter the trade with SL: 2336 and target of 3000.
Mphasis :: IT giant ready to reach ATHRound bottom Formation on a Longer Time Frame
Inverted H&S Pattern is given a breakout.
Good Fundamental stock
one can keep in portfolio keeping the support of below trendline.
DISC: Only for educational purposes.
CHANGE OF POLARITY-MPHASIS
On weekly TF the resistance has been broken and is now acting as support.
Volumes are good and it is consolidating near support.
If it breaks and closes above resistance then it can be a good buy for ATH target.
Disclaimer: This is not a trade recommendation. This is purely for educational purpose.
resistance and support breakoutstock is trading near s & r it will intresting to see how it react at this level
keep on radar
only for educational purpose
not for sugesstion
