Happy 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...
For 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...
Mphasis 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...
MPHASIS 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...
As 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
Round 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.
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.
Script is weekly brkeaout from the resistance of 2749 with weekly and day closing is bullish. If it sustains above 2749 with intraday thn it will reach the target of 3167
Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.
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...
Checkout 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...
NSE: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...
Mphasis 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,...
For 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...
