Mphasis on a daily timeframes showed us a recovery from 2750 level by projecting a inverted head and shoulders pattern. If it is manages to close above 2930,we can initiate a swing position in it..
CALL AND ATTENTION GIVEN TO ALL GROUP MEMBERS . 1. 15 TF TREND LINE WAS RESPECTED 2. IT BROKE THE TL ON 4 TH ATTEMPT 3. CONFIRMATION WAS GIVEN AFTER BREAKING DAY LOW AND RSI CONFIRMATION 4. EASY 300 POINTS GRABBED ON PUT OPTION
Following the trend of technology stocks and healthcare stocks. Mphasis (a technology company stock) has given breakout from it all time resistance and has entered uncharted territory. Keep stop loss at 1153 and buy. Keep a view of 3 Months to 1 year and buy. *** ideas are my own , please invest as per your own risk ***
MPHASIS CMP 1214 Weekly Chart Stock broken out of consolidation with good volumes. RSI suggests momentum intact. Last 4 quarters, Company's key fundamentals has been showing steady growth. A stock to watch out for. Hence target is open. Stop 1040.