MPHASIS TRENDLINE BREAKOUT- 15MINSBUY MPHASIS AROUND- 2060
BUY TARGET- 2130
INTRADAY VIEW
MPHASIS HAS BREAKEN OUT TRENDLINE IN 15MINS TIME FRAME.
MPHASIS trade ideas
BUY ON EVERY DIPBEST BUYING ZONE 1965-2000. FUNDAMENTALLY A VERY STRONG SHARE. SHARING THIS NOT FOR TRADING BUT FOR MEDIUM-TERM PERSPECTIVE WITH A HOLDING PERIOD OF MORE THAN 6 MONTHS.
[Swing] Bullish Flag formationBullish Flag formation in daily chart of Mphasis. Entry, stoploss, and target as marked on chart. Buy if today's high is breached.
Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Breakout-Retest-ContinuationMphasis after breaking the uptrend has retest to its uptrend resistance and now it is continuing its bullish run. Can be bought for a target of 2050.
CMP-1965.
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Happy Trading :)
PS- I always believe in trading in stock with good to medium fundamentals(can also be seen from my history of suggested stocks). The success mantra for trading is to mix fundamental and technical analysis to protect capital.
channel break outas you can see it has given a nice channel breakout and re-tested also.....and it is ready to head higher....the only concern is 2000 is a good psychology level, once it is also taken out, then there is nothing to stop......
Mphasis Buy CMP 1921 SL below 1900 (15 min candle closing BasiMphasis Buy CMP 1921
SL below 1900 (15 min candle closing Basis)
Target 1940-1950-1970-1990-2000+
CAN buy Fut tomorrow Morning @ CMP
MPHASIS - Head & ShouldersHead & Shoulders pattern forming on 2H Chart of MPHASIS. SELL 1535-30, SL 1620.10, Target(s) - 1500, 1465, 1435, 1415. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
consolidated for long time in a range!....after good consolidation in a range we now see a break out, watch for 2000 levels as it acts as good resistance, as our markets may start consolidating again IT has the potential to out perform......
trade only in cash market or option selling for safe returns....
Mphasis Channel breakoutChannel breakout
more upside can be seen
IT sector in focus after a long consolidation
Trade at your own risk!! :)
MPHASIS1 Daily TF
PA - Channel Breakout
BB Upper band break
RSI>60
ADX Increasing
Weekly
BB Break
Futures near the expiry
Current month closing position and rolling over to next month
upside ????? breakout ????2nd effort to break the channel
earlier attempts too were backed by volumes.
minimum 10 percent upside move.
can be entered via a bull call spread of 2000-2200.
good luck!!
