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.
Short 1870 SL 1890 Target 1850/1800 Looks weak unless 1890/1900 is crossed.
In 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.
let see i am not fainecial adviser may be this can work or not
Completing round bottom One can enter now for completion of bottom.
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.
MPHASIS Buy for intraday trading if stock breaks the given resistance level..........
Reason for long a) Triangle breakout b) vwap support c) Any big gap up or down invalidate the set up d) main index support SL compulsory
We have close watch on it stock,as it is already in oversold position,trade above 2030, and sustainability can help to get target of 2090,2120
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Mphasis broke out of descending channel on weekly timeframe with good volumes. Also breaking out of multiple resistance zone of 2150-2155. Could be bought with mentioned stoploss & target.
#MPHASIS... ✅ 🔹🔹🔹🔹🔹🔹🔹🔹🔹 👇👇👇👇👇👇👇👇👇👇👇👇 INTRADAY/ Short term delivery call as well 👍 All levels given in charts ... IF good potential seen then we work in options also 👉if activate then possible a huge movement Keep eye on this ... We take trade only when it activates... 📚📚👁🚀 📚 🚀🚀🚀🚀🚀🚀🚀🚀 Possible to give good target 👍👍👍👍👍👍👍👍
I am not sebi registered this is educational purpose analysis.please add your comment your analysis.
KEEP ON WATCHLIST chances are that the breakout will be in downside after breaking 1890, but it won't be that beneficial. if we get to see the breakout on upperside, breaking 1975-1995 then we can get maximum benifit from it Targets are 2150, 2445 SL is the trendline.
This was after, Supply emerged in Oct'21 around 3500 after 5x Up from 550 in Mar'20 Plan ahead to Purchase Breakout above 2400 or, rejection indications near 1600 PB 5x PE 23x ROCE 25% Div 2%
# SWINGS # MPHASIS In a few days we are headed a for new high just wait for a 5min closing above previous day high