#MPHASIS
Looks very good for a sh ort term swing trade.
Strong Bullish engulfing. If it gets confirmed by another green candle closing above closing of 14th march, (and if crosses the zone marked around 2500 levels then can reach targets marked as red lines.
RSI also has come up from below 30 and is now around 40 levels.
RR not very good right now but if it...
In this post, our spotlight is on Mphasis , a stock that has piqued our interest as a potential candidate for a swing trade, presenting the prospect of an upward rally.
Reasons are listed below :
The recent breakthrough of the 2450-2500 zone, coupled with a subsequent retest, suggests a solid foundation and potential support at these levels.
Holding...
Mphasis is forming ABCD pattern on long time frame
Cup and handle on weekly
and flag on daily time frame
EXPECTING 17 TO 65 % move in this counter
keep stoploss of 2650 on day close basis
Buy Mphasis @CMP
Target of 2697-2840-3200-3400-3646
SL 2228
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few months
Please consult your financial advisor before investing
All research for educational purposes only.
Technicals:
--> Seems that during July 2023, the price of the asset took support on the trendline which was formed back in May 2021.
--> From that point on, the price moved to complete the cup and handle pattern and also broke out of the pattern.
--> After breaking out, the price had retested the new support levels formed basis C&H pattern.
Please suggest if any...
NSE:MPHASIS
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Mphasis Ltd Clear Upside Breakout With Volume
Stock Look Strong Clear upside breakout with good volume
Buy Zone 2600-2660
Stop loss 2400
Target Near 3100-3200
Holding Time 2-3 month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this...
Mphasis completed its cycle wave on Apr 17, 2023 with double bottom and bullish hammer. The rally following this completed wave (i) of its new primary wave 1. Today the stock touched low of 1843 marking 50% retracement with completion of intended wave structure and an exhaustion gap on June 6, 2023.
Post this, the powerful wave 3 should begin. Though the wave...
