mphasisstock has made head and shoulder pattern on monday if break 1900 level it will give downside move
MPHASIS trade ideas
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.
MPHASISBUY MPHAIS AT 2001 LEEL OR IF YOU GOT BELOW 2001 THEN ITS BEST ENTRY
stop loss 1959 close daily candle below this level
target 2x as your entry and stoploss
BUT Warning signal because all IT stock run good but this stock forms new lower so may sideways or form new low
so aware of it
MPHASIS @ Major Resistance !!NSE:MPHASIS
#NSE:MPHASIS tradaing @ major resistance level, consolidating from long time, BO sustainability may give good momentum.
Good above 2160
Mphasis is looking good for upsideMphasis is looking good for upside
accumulation zone breakout with good volume, we can see some fireworks in this script in coming days.
Parallel channel pattern breakout in MPHASIS.Discription:
Stock Name: MPHASIS
Chart Pattern: Parallel channel pattern
Time Frame: 1 Hour
Entry: Breakout entry above 2110+
Target :- 2220+
Stoploss below :- 2075-
MPHASIS LOOKS GOOD...MPHASIS is falling but buying volume seems to be increasing + IT Sector Index is on Support So the downside Risk if Limited (I ignore News Just follow Technicals) Price is my decision maker
POSSIBLE MEAN REVERSION IN MPHASISMPHASIS
Time frame- DAILY
MEAN REVERSION
*Resistance - 100 DMA
*Support - 1907
*Short term picK
*Reason- whole IT sector is oversold. mean reversion, good risk reward ratio.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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Swing Trade Opportunity in MPHASISSwing Trade opportunity in MPHASIS
Entry: CMP
Targets: 2400
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Delivery call In this stock breakout done and now its retesting and spot buyer are taking their position, so now time to buy price 2350 sl 2300 and target 2550
its only for education purpose , i am not any financial advisor ,( DYOR )
Mphasis Pennant Pattern Breakout!A Pennant Pattern Is A Continuation Chart Pattern, Seen When A Security Experiences A Large Upward Or Downward Movement, Followed By A Brief Consolidation, Before Continuing To Move In The Same Direction.
Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.
MPHASISNSE:MPHASIS
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MPHASIS LTDMPHASIS LTD ....
1 - forming inverted head and shoulder
2 - good volume
3 - positive MA crossover
4 - 30 day consolidation
MPHASIS - LONG - 10% upside potentialPosition: Go Long
Pattern: Inverse head and shoulder pattern formation
Level: Post HRly candle close above 2350
Target: 2550 levels
Also good for investment as Inverse HnS is trend reversal pattern.
MPHASIS looks good above 2300MPHASIS looks good above 2300 for the target of 2425 with SL 2170.
Gain 125
Swing trade.
