MPHASIS to hit 2154 TargetMPHASIS Trading at 1818 levels which are at the oversold levels of RSI with a wide divergence will result in a massive volume breakout
MPHASIS trade ideas
Mphasis Positional Short Trade Setup!Mphasis Breakdown Trendline Support With Huge Candle And Weak Rising Volume Appears On Daily Chart. Short Near ~ 2090, 2100, With Stop ~ 2145, Target ~ 1950, 1930. Expected Target March Expiry.
MPHASIS | NEAR SUPPORT ZONE @ 2030 - 2020MPhasis trading near it's hourly support zone @ 2030 - 2000 and expected to show a bounce towards marked target on the chart.
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MPHASIS range breakoutMPHASIS (NSE) has broken out of its range with heavy volume. This breakout has also happened at the 200 day moving average.
Keeping the range consolidation zone as the probable area of up trend, we can keep the target as previous resistance zone of 2450. Conservative investors can wait for a reversal and confirmation before placing a trade.
MPHASIS - Double Bottom breakout - 8% upside potentialMPHASIS has provided double bottom breakout with strong volumes.
This shows trend reversal pattern, looks good for long term.
Immediate target would be 2430-2450 levels.
SL: Daily candle close below 2170 levels.
MPHASIS Mphasis after making a top in 2018 corrected for around 50% from its previous and then went on to make a rounding bottom formation and breakout of the same in 2020 May, from there it went on to give huge return.
Now again after correcting from recent top for about 50%, it has made a rounding bottom formation and is giving a good breakout above it. Although weekly closing is pending tomorrow (so for confirmation, need to wait till tomorrow)
History suggest it may again give a good run from here
MPHASIS LTD : RETRACEMENT BREAKOUT Mphasis Ltd is breaking Retracement Line on 15 Min Chart. Signal to enter the trade with minimum stop loss . Other Details are given on the chart .
Good Luck !!!
MPHASIS BULLISH Mphasis break a Horizontal trend line on weekly chart and gives a breakout close on above that so we can see a bullish momentum will continue in this stock in coming days for the target of 2387.
MPhasis may go up or go down?? As per Harmonic PRZ pattern, MPhasis may go up till 2382 And stop loss will 2150 for next week
MPHASIS BREAKS LONG TERM RESISTANCEAfter breaking a Long term resistance Mphasis looking to break a target of 2420. CMP 2250 with a narrow range movement for last 2 hours. Break Out any time and Both MA supports the Break Out. Stop loss 2220
Watchout for range breakoutThe stock has been moving in a range for 8 months. Buy above 2180 (day closing basis) for 4-5% positional upmove.
Learn & Earn,
Dr. Tanya Kumar
MphasisMphasis has been trading in a range for quite some time.
Keep an eye, Soon may give some trending moves
MPHASISIn the Daily chart of MPHASIS, we can see that its is spending time near Breakout trendline.
Watch out for breakout.
mphasis 30th Jan 2023 pattern tradeSwing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
mphasisstock has made head and shoulder pattern on monday if break 1900 level it will give downside move
Double Bottom pattern in MPHASISMPHASIS
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Double bottom Pattern.
📊 It can give movement upto the Reversal target of above 2170+.
Probable upside move comingStock seems to have completed a leg of downward corrective phase at recent swing low.
Price is currently near breakout of a wedging structure which could be an additional confirmation of pause in downtrend (at least).
With momentum indicator back in buy mode along with positive divergence, stock price may move towards marked zones.
Invalidation level will be break of recent swing low.
Falling wedge chart pattern The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs.
MphasisAlways follow Risk and Position Management❇️❇️
Expect 10-15% for swing Trading
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Happy trading
MPHASIS - Triple bottom breakout - Good for longMPHASIS has given triple bottom breakout at 2110 levels with good volume and momentum.
Good for long with SL of daily candle close below 2000.
Immediate targets of 2200-2220 levels. Then 2400+
MPHASIS CMP 1941 DATED 24-11-2022 BULLISH PIERCING CANDLEMPHASIS Cmp 1941 dated 24-11-2022
1. After a correction of 22 % from recent high of
2447 today reversal sign seen on chart.
2. Bullish Piercing Candle @ bottom of chart.
3. RSI reversal
4. On weekly chart Hammer candle is made.
Buy above 1950 for target 2050-2150-2235-2300
SL 1895
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
MPHASIS - Elliott Wave ViewMPHASIS - The stock may have completed its correction cycle and resume higher now. As long as the correction doesn't extend (price doesn't fall below the previous low), the uptrend should continue in the long term.
