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...
MPHASIS forming inverse H&S pattern Looking tgt 2440-2450-2480++ in very short term👆 Keeping on radar Mphasis 2500 CE
Strong breakfast from breakout Its time to buy and cut off...
MPHASIS LTD Key highlights: 💡⚡ ✅On 30 Min Time Frame Stock Showing Breakdown of Broadening Wedge Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 2140-. ✅Can Go short in this stock by placing a stop loss above 2188+.
Friday closing of nasdaq is strong so there is a high probablity that it may give breakout,keep an eye on it
mphasis triangle breakout in offing. looking at the consolidation (0.618/ 0.5) fib. levels remain imp for its long journey sl 2390/- tgt will be triangle size.
On the chart we can see the price is consolidating inside the falling wedge. We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position. In order to avoid false breakout, look for the volume increase. The target is shown on the chart.
Mphasis Looks good here. It is a decent breakout.
MPHASIS LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 2600+. ✅Can Go Long in this stock by placing a stop loss below 2415-.
Wage formation in Mphasis has formed in Mphasis stock we can expect 1795 to 2200 in upcoming days.
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
Mphasis has given a good breakout today if sustain can expect 2700 in 2-3 weeks. Stop closing below today's low.
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.
#Mphasis #Mphasisltd sell till 2037 buying level 1843 best buying level 1753
Mphasis 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.
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 🔥🔥
Stock 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.