Understanding the Fibonacci Retracement Tool:
Mathematical Roots: The Fibonacci retracement tool finds its origins in the intriguing Fibonacci sequence—a mathematical concept where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, and so forth). This sequence forms the groundwork for a technical analysis tool that seeks to unveil...
This 2-day timeframe chart showcases a robust breakout scenario with a prominent symmetrical triangle pattern.
The price is currently propelled by a formidable bullish momentum, highlighting a sustained uptrend.
Noteworthy volumes, coupled with massive volumes near the breakout zone, underscore strong market participation.
Symmetrical Triangle Breakout: The...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
IT sector is building a momentum for now and constituents of IT index are showing strength. MPHASIS is one of them I studied a while back, it rides on pretty heavy financial clients majorly US banks, and seeing this BO makes one think if this can follow up ahead.
Momentum certainly feels to be creeping in.
MPHASIS Breaking dynamic trendline. 2525 is a first Target. 2388 is stop loss. In the Target level price reaction confirm the next rally to reach 2735.
NSE:MPHASIS
Mphasis Ltd. engages in the provision of application development and maintenance services, infrastructure outsourcing, and business and knowledge process outsourcing solutions. It operates through the following segments: Banking and Financial Services, Logistics and Transformation, Technology Media and Telecom, Insurance, and Others.
Trendline...
Idea is shared as Long term reversal pick only for educational purposes.
Stock name:-Mphasis
Market cap around 40000 crore
Buy in range of 1950-2050
Technically IHNS Breakout above 2500.
SL below 1650 WCB
Targets 3500, 4000++
Diving into some fundamental ratios at CMP:-
PE ratio-25 (Near 5 yr median PE and industry PE)
ROCE-28.9%
ROE-21%
Debt/Equity-0.2||...
MPHASIS 15 MINUTE CHART -INTRADAY 06.11.2023
If trigger line crosses over 60.51, it may reach to 67.70, 40 to 60 Rs in cash.
If trigger line crosses below 52.40, it may reach to 40.31, 40 to 70 Rs in cash.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: MPHASIS
🔍 Description: Stock is in a Broadning pattern. And now around the support. We can see good upside is price respect the support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the...
Gate analysis (30 Min)
If price sustain above 2525 with good volume
Buy@ CMP
StopLoss@2470
Multi TF ( As per gate analysis)
1. On 5min & 15min it was proper time correction
2. On 30min forming gate (wait for 2525 B.O)
3. On 1hr it was 50 ema retest
4. On Daily Tf it was 20 ema retest.
Satisfy all condition
Note: Also IT Sector have some good space in this...
This script is weekly and daily consecutive bullish in the uptrend channel.If it close above in day or weekly above the resistance of 2527, then it will reach the target of 3027
![MPHASIS: MPHASIS BO [DAILY]](https://s3.tradingview.com/b/B1Dpvarn_mid.png "MPHASIS BO [DAILY]")
