Price- ₹1378.70 Dt. - 30-10-2020 Today price made the bullish engulfing pattern on the daily chart at the end of the trading session. on 29th Oct. the price took the support of the trendline and today the stock given the close above 21DEMA. RSI is neutral on the daily chart but on the weekly chart, the stock is near the 70 in RSI. If open in green in the next...
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MPHASIS is at a good level for a breakout or breakdown. Only for educational purpose.
Needs more clarity. In a tight weekly uptrend. Wait for a trend line retest. We will look for a tight stop loss to enter.
CMP : 920 SL : 823 Target : 1060, 1150 1) Very bullish trendline breakout 2) High dividend paying company so attracting buyers more on dips. Recently provided Rs.35/- per share, that is almost 3.5% yield. 3) Excellent delivery volume last 2 weeks, on average the company is having 40% + almost everyday. 4) Cup & Handle is pattern is very strong in sideways...
MPHASIS has given closing just about important long running TL since Feb'19. This TL was respected 6-7 times in past making it very critical. MPHASIS should be bullish above 933 (936 for safe trader). Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most...
Mphasis Ltd. The stock faced resistance from 895 zone and also faced resistance from 200 day SMA in Daily Chart. Technical indicators are bullish. Time-Trend Indicator is also Bullish. If price breaks the 200 day SMA resistance and closes above 900, the next resistance is 957 and the support is 100 day SMA (810) on the daily chart. KEEP AN EYE!! #B+
Enter around 723.25
Case-1: Buy above 929.9 Targets are 931.9,938,940,954.35,958.85,966++ SL-949.65 Case-2: It may fall from 927.15 to 905.2(@Channel Bottom) and there is bounce back, Buy after it reaches Channel Bottom Targets are 917.3,918.8,921.65,931.9,939,940.9++ SL-930.3 Case-3: Sell below 930.15 Targets are 924.8,923.1,921.95,919.3,916.5,910-- SL-938
Cash Buy on CMP 1001 with long T-1060/1138 Sl-900