Bullish MomentumRaising wedge breakout in daily leads bullish..
concentrate if price sustain above 3206 in 4 hrs
MPHASIS trade ideas
[ INTRADAY ] MPHASIS LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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STOCK FOR THE WEEK MPHASIS LTD.Good evening friends, Stock is ready to see new highs if it is maintining the level of 3180.
Regards.
strong buying in mphasisswing trade idea
strong buying in mphasis
hitting all time highs
macd +ve price running above 50, 200 moving averages on hourly chart
MPHASIS..cliff hangerMPHASIS forming a save my butt on cliff top pattern ;)
break above or below the triangle determines the next move
MPHASIS LONGASCENDING TRIANGLE formation , making higher lows.
prior uptrend established.
breakout above 2760 and view invalid if it breaks the trendline as well as the horizontal green area of support.
MPHASIS - Trendline BreakoutHi Guys,
Stock is in a weekly uptrend, on a daily chart it has given breakout on upper side and retested upper trendline.
Initial Suggestion few days back
Buy Price - 2350
SL - 2094
New Suggestion
Buy Price - 2400
SL - 2165
Results have also come out strong.
Mphaisis Spinning TopMphasis has a spinning top with huge volume. if the low of the top is broken then we can expect a down move till 2250 - 2300.
The posting is only for educational purpose. Please do your own research before taking trading or investing
Possibility of breakdown in MphasisHead and shoulder pattern.
Negative out look on hourly chart.
small support before neckline.
Can go short below neckline.
Mphasis Ltd - LongHi Guys,
Please find the detailed analysis of my view in Mphasis Ltd!!!
Time Frame of Chart - Daily
Market Structure - Advance
Swing Point - Swing Low to Swing High
Last Line of Defense is Braked ? No
What Type of Trend? Strong Trend - EMA 20 and Healthy Trend - EMA50
ATR Volatility? Flat
CPR? - Bullish Bias
What type of CPR? Extreme Narrow
Previous Virgin CPR is there? NO
Trend: Bullish
Chart Pattern: Triangle
Build Up happened before /after the breakout of the Chart Pattern? Yes At Resistance
Breakout Happened? Yes
Breakout Happened with god volume in Chart Pattern? Yes
Post Breakout Next Candle in-line with breakout candle? Yes
Retest Happened? Yes
Whether Breakout happened near the CPR? Yes
Post Retest Any Candlestick Pattern Found Inline With? Yes. Morning Star
In Area of Value whether any trend continuation pattern Found? Yes. Bullish Harami
Support: 2177, 2100 and 2000
Resistance: -2269
Trading:
Buy : Above 2100-2120
SL - 2069.25 ( Closes Above Daily in TF)
Target - 2328 ( Based on Fib Extn)
Risk: 50.70
Reward: 208
Ratio: 1:4.10
Trade is Favorable ? Yes
1Hr Time Frame:
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor.
