MPHASIS Surges! TP 2 Hit, Targets in Sight!Technical Analysis:
Mphasis has been on a bullish move, as seen on the 15-minute timeframe. After a solid long entry at 3021.90, the price action has been steadily climbing, supported by the Risological Dotted Trendline, which signals continued upward momentum.
Key Levels:
Entry: 3021.90
Stop Loss (SL): 2993.70
Target 1 (TP1): 3056.75 ✅ (Hit!)
Target 2 (TP2): 3113.10 ✅ (Hit!)
Target 3 (TP3): 3169.50
Target 4 (TP4): 3204.35
Observations:
The price has already reached TP2, confirming the strong bullish momentum.
Momentum supported by the Risological Dotted Trendline shows the possibility of further targets being achieved.
With TP2 hit and momentum intact, Mphasis is showing strong signs of hitting higher targets. Keep an eye on the next resistance levels at TP3 and TP4 for continued gains!
MPHASIS
MPHASIS LTD Long Trade Targets on RisologicalMPHASIS LTD Long Trade Targets on Risological
The long trade was from July 1, 2024
So far, 18.8% in 71 days
Which is close to 8% profit per month.
This is big profit for position traders and it looks like the rest of the upper targets are on their way.
The trailing stop loss and other upper targets are marked on the chart.
All the best and do follow me for more charts and updates.
Namaste!
SWING IDEA - MPHASISMphasis , a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Break of Cup and Handle Pattern : The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement.
2830 Resistance Zone Breakout : The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement.
Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend.
Target - 3460 // 3900
Stoploss - weekly close below 2475
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Golden Crossover - MPHASIS📊 Script: MPHASIS
📊 Sector: IT - Software
📊 Industry: Computers - Software - Large
Key highlights: 💡⚡
📈 Golden Crossovers are seen into this Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 2925
🟢 Target 🎯🏆 - 3098
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SWING IDEA - MPHASIS In this post, our spotlight is on Mphasis , a stock that has piqued our interest as a potential candidate for a swing trade, presenting the prospect of an upward rally.
Reasons are listed below :
The recent breakthrough of the 2450-2500 zone, coupled with a subsequent retest, suggests a solid foundation and potential support at these levels.
Holding steadfast at the 0.382 Fibonacci retracement level, this stock showcases resilience and a reinforcing support structure.
The presence of a bullish continuation candle on the weekly timeframe adds weight to the analysis, signaling positive momentum for potential upward movement.
A consistent pattern of forming higher highs underscores a sustained uptrend, reflecting positive market sentiment.
Trading above both the 50 and 200 EMAs affirms the stock's commitment to the prevailing uptrend, further bolstering the case for a potential swing trade.
Target - 3373 // 3653
StopLoss - weekly close below 2515
DISCLAIMER :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MPHASIS long positionOn 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.
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 - 12/11/2022-LOOKING GOOD#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
👍👍👍👍👍👍👍👍
MPHASIS1!06-12
Hourly chart of MPHASIS1!
LTP: 2104.50
Book rule says that the trend is positive if the candles are trading above 200 EMA and the strategy should be buy on dips.
There is a bullish crossover between 100 EMA and 200 EMA.
I've gone long strictly for intraday only.
Manual support zone is between 2020 and 2032 whereas the support according to 200 EMA is at 2036.90.
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.