Reverse Head And Shoulder Chart Patterns on Daily reversal seen on chart as stock has formed bullish inverted head and shoulder pattern
MPHASIS trade ideas
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.
MPHASIS Mphasis break strong hurdle now can it reach next target 2440 ??? But we can buy if price comes to near 2200 zone
MPHASIS Buy for intraday tradingMPHASIS Buy for intraday trading if stock breaks the given resistance level..........
Trend channelWe 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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MPHASISMphasis 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 - 12/11/2022-LOOKING GOOD#MPHASIS... ✅
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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...
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Possible to give good target
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Mphasis Ltd about to give breakout 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.
MPHASIS - Moved 45% Down from 3550This 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# SWINGS
# MPHASIS
In a few days we are headed a for new high
just wait for a 5min closing above previous day high
short 1542 target1542 target within a month ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
MPHASIS LTD Downside ViewNSE:MPHASIS is continuously trading below major resistance which is 2145. As per weekly Fibonacci retracement next support of MPHASIS Ltd is 1787.
So my view is for downside target which is 1787. We can predict upper side move only if it brake and sustain above level of 2145.
Note: This is my personal analysis, only for learning.
MPHASISMphasis broke out of triangle pattern on daily/hourly charts with good volumes, also broke above its previous swing high.
Could be bought with mentioned stoploss & target.
MphasisHello and welcome to this analysis on Mphasis.
In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave.
We can see each swing zone has a 3 leg structure testing the 2 trendlines.
Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the final leg of Wave E near to the lower trend line should complete this P wave triangle
Results are scheduled to be due end of the month. By then it is likely to complete what would be the end of a Price and Time correction in it.
Until then stock will continue to remain in a narrow range.
View would be wrong if the swing low at Wave C is broken. Alternatively if a turn from here breaks the upper trendline then will consider this low as end of Wave E.
buy mphasis 3344.05 buy mphasis 3344.05 / eliiot wave analysis / wave analysis / buy buy / trend line / good for buy
