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MPHASIS LTD.

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MPHASIS trade ideas

breakout trading !In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed decision-making. Outlined below are key aspects related to breakouts in technical analysis: Definition: A breakout occurs when the price of an asset surpasses a well-defined level of support or resistance. The breakout can manifest as either an upward movement (bullish breakout) or a downward movement (bearish breakout). Significance: Breakouts carry significance as they indicate a shift in market sentiment, suggesting that the prevailing trend may be weakening or reversing, potentially giving rise to a new trend. Types of Breakouts: Bullish Breakout: This occurs when the price surpasses a resistance level, signaling potential upward momentum. Bearish Breakout: In contrast, a bearish breakout happens when the price drops below a support level, indicating potential downward momentum. Volume Confirmation: Successful breakouts are often accompanied by an uptick in trading volume, serving as confirmation of the robustness of the new trend. Volume analysis is instrumental in validating the legitimacy of the breakout. False Breakouts: It is important to note that not all breakouts lead to sustained trends. False breakouts can occur, wherein the price briefly breaches a support or resistance level but subsequently reverses. Traders commonly employ additional technical indicators or await confirmation before acting on a breakout. Measuring Target: Traders frequently use the height of the pattern preceding the breakout, such as a triangle or rectangle, to estimate the potential price target. This aids in setting profit targets. Common Chart Patterns Leading to Breakouts: Triangles: Symmetrical, ascending, or descending triangles often precede breakouts. Head and Shoulders: Both inverse and regular head and shoulders patterns can signal potential breakouts. Rectangles and Flags: Consolidation patterns like rectangles and flags can lead to breakouts. Role of Trendlines: Trendlines are commonly employed to identify potential breakout points. The intersection of a trendline with a support or resistance level is deemed a critical zone for a potential breakout. Risk Management: Traders typically incorporate risk management strategies, such as setting stop-loss orders, to safeguard against false breakouts or adverse market movements. In summary, breakouts in technical analysis are pivotal events offering valuable information to traders and investors about potential shifts in market trends. Effective breakout trading strategies involve confirmation, volume analysis, and meticulous consideration of various chart patterns.
NSE:MPHASISEducation
by pratik2358
2
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. :-)
NSE:MPHASISLong
by Yoyohoneysingh93
MPHASIS - heading towards 3600NSE:MPHASIS cmp 2800 MPHASIS gave breakout on weekly chart at 2760 zone in Dec 23 then gave a pullback till 2500 in Jan-Feb 24 now back to 2800 and heading towards 3600 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:MPHASISLong
by ajaykalashi
Mphasis Weekly Inverted H&S patternMphasis is currently trading at a CMP (Current Market Price) of 2801, with notable technical indicators suggesting a bullish sentiment. On the weekly chart, an inverted head and shoulders pattern has formed, typically indicative of a bullish reversal. The pattern is complemented by high trading volumes, affirming market participation and conviction. Furthermore, the breakout from the pattern followed by a period of consolidation reinforces the potential for upward movement. The MACD (Moving Average Convergence Divergence) indicator has exhibited a bullish crossover, adding to the positive sentiment. Moreover, with the RSI (Relative Strength Index) at 66, there is considerable momentum behind the price action. Additionally, the ADX (Average Directional Index) reading of 24 signals a strong trend, further bolstering the bullish outlook. In terms of support and resistance levels, the support is identified at 2500, providing a significant level for potential downside protection. Conversely, the resistance level, as per the pattern, is estimated to be at 3450, serving as a target for potential upward movement. Considering these technical indications collectively, Mphasis appears to be positioned favorably for potential upside movement, with the aforementioned levels serving as key reference points for traders and investors.
NSE:MPHASISLong
by PowerOfTA
Mphasis Ltd - Positional view on weekly chartFor those who have read Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets" will relate to the structure forming here and the stage in which the stock is currently in. The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the stock price is near the buy zone. Manage strict stop loss of 5-8% if the trade goes wrong Note: Not a buy/sell recommendation. Please do consult your financial advisor.
NSE:MPHASISLong
by TheUnlearningOne
MPHASISMphasis Limited is a information technology (IT) services and solutions provider. The Company is engaged in offering applications, business process outsourcing (BPO) and infrastructure services Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:MPHASIS
by SENSITRADE_T
MPHASIS - Bullish Consolidation with VolumesNSE: MPHASIS is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 13% to 19% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:MPHASISLong
by BrahmaBull31
MPHASIS Major price corrections in the past had been around 50-65%, which was expected to be done when stock made low of 1660. In December 2023, price cleared its resistance around 2435 along with the Monthly MACD crossing above its Trigger line. This suggests that the long term uptrend is now likely to resume. If price is to continue its past behavior, it could head to 6800. For momentum traders/investors, stop loss could be 2400, but this bullish outlook remains valid as long as price is above 1660.
NSE:MPHASISLong
by CourtroomInvestments
Mphasis Forms Head and Shoulders Pattern: Time to Take NoticeThe stock, Mphasis has recently developed a Head & Shoulders pattern, signaling a potential trend reversal. Traders should exercise caution and consider implementing proper risk management strategies. On the chart, clear indications for stop-loss and two target levels have been outlined. Please note that this information is not financial advice but a market observation. Always trade responsibly and make decisions based on your analysis and risk tolerance."
NSE:MPHASISShort
by iamrk7