Entry - Above 975 on strict closing basis Stop Loss - 857 Target - 1150 One can expect 15-20 % upside in this stock for next one month, if market is trending upwards.
As it is clearly noticable, there is wedge formation on hourly timeframe. From past two days there fair amount of rally in the overall IT sector after the dissappointing Infosys quarterly results. Note : Mphasis Q4 Fy22 results On April 28 Entry - 2930 Stop Loss - 2860 Time frame - For short term Target - 3080 Best 1:2 Risk to reward ratio.
In the head and shoulder pattern the targets will be clear and will be achieved in very short terms. Let it sustain above 159. And fundamentally also company posted good numbers and the top player in highway construction and toll collection. Hold it for medium term of 6-8 months might give you good returns.
The decreasing triangle breakout indicates that the selling pressure is decreasing gradually. So it has a very high success rate. Be invested for one or two months and for the targets to be achieved. Enter when you see good volumes also