Broke all time high and high possibilities of a pull back from a major trendline. Anyways looks like some juice is left for couple of trading sessions.
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..
MHASIS SHORT WITH SMALL SL We are not Investment Advisor, All calls are for educational purpose and for paper trading. We do not have any access to any non-public information about any company. We are not giving an Financial advice for investment & trading.
Retest done and waiting for long
Retracement done at demand zone
Mphasis Ltd cmp-1775 Entry-1783.60 Sl-1723.55 Target-1860.55,1942.20,2023.85
Mphasis Ltd cmp-1775 Entry-1783.60 Sl-1723.55 Target-1860.55,1942.20,2023.85
MPHASIS HAS GIVEN BO AND CURRENTLY RETESTING. VIEW NEGATES BELOW 1837
Symmetric triangle pattern breakout Bearish harami candlestick formation Stochastic Rsi signalling bearish divergence Target at 1650 Stop loss at 1767 Entry at 1745
i just missed the entry , but look at the traingle pattern beautiful returns
Very bullish on Mphasis. Given very good breakout on charts after some consolidation and we can expect another journey from this stock. Target: 2000+ Time Frame: 3-6 Months Stop Loss: 1450 on weekly closing basis.
After range broke today it can go high
MPHASIS - On your marks, get set.....
depend on break which side with volume