Trendline break bullish candle with volume and consolodition is good for breakout if one day stay on uppper site for swing purpuse must be on radar just check
Trade ideas
MPHASIS given a good breakout ready for 2700Mphasis has given a good breakout today if sustain can expect 2700 in 2-3 weeks. Stop closing below today's low.
Trading near resistance zone!!!Stock is trading near resistance zone. If stock sustains over 2450 then it will transform in stage 2 and the momentum is likely to continue. For now it is into wait and watch area.
Marubozu Breakouts in Weekly ChartMphasis
Everything is clearly mentioned in the chart itself.
Uptrend has started in this as previous high has been broken with marubozu on a weekly chart for the send time with 200 ma support.
MPHASIS 🔥🔥It is going to blast buy on every dip is recommended .. trgts of 2500 -2700-2800.. purely techincal views . a positional stock one can enter 🔥🔥
MPHASIS LTD LONGStock in uptrend
Clear breakout candle done on closing basis
Price above the DEMA
RSI & MACD indicate bullish-Ness.
Disclaimer:- My personal view for education purpose only.
MPHASISNSE: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 of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MPHASIS future movementBased on Time factor and support resistance the whole movement of Mphasis is predicted.
Mphasis monthly chart analysis Mphasis share chart 5 wave upside
mphasis use 4 wave stoploss target all time high cross
Mphasis long Mphasis chart elliot wave analysis
weekly chart zig zag correction complete
0-b trendline breakout
Mphasis share elliot wave analysis Mphasis chart elliot wave analysis
this stock current time move third wave
buy 2070
stoploss 1900
target 4000
Cup and Handle formation MPHASIS has formed cup and handle formation and has breakout .
stock is ready to move further to achieve targets.
Study and observe the behavior of the stock to improve trading.
Reverse Head And Shoulder Chart Patterns on Daily reversal seen on chart as stock has formed bullish inverted head and shoulder pattern
Mphasis -possibility of a bounce backMphasis is supported by monthly 50 SMA and almost close to the important Gann box level at 1895.
Three reason for a reversal or a bouncr back
- almost near at an important Gann box level @ 1897
- Monthly low supported by 50 SMA
- contraction pattern at the bottom of the downward trendline resistance
Levels are marked on the chart for your reference
MPHASIS BEARISH & THEN BULLISHEntry at 1470 to 1495
3 months target 1848 Rs
Recently this counter is in the bearish mode so wait for our entry price.
Wait level for 20% profit
Mphasis, long, entry-1850 on a retracement, or 1932 Long, Mphasis, good RR,
SL-100 Rs,
entry-1850 on a retracement, or 1932 breakout
Tg1- 2200
Showing 50 percent retracement from the top, and moving higher.
MPHASIS - Weekly AnalysisIn the Weekly Chart of MPHASIS ,
we can see that, it has a W pattern recovery.
Also it has retested .
Enter with SL and Go Long.
Trendline Breakdown in Mphasis Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
