MPHASIS trade ideas
Mphasis Ltd Clear Upside Breakout With Volume Mphasis Ltd Clear Upside Breakout With Volume
Stock Look Strong Clear upside breakout with good volume
Buy Zone 2600-2660
Stop loss 2400
Target Near 3100-3200
Holding Time 2-3 month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Mphasis - Start Accumulating Target 2187 and 2424Mphasis 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 (ii) structure is completed, with upward bias, every fall hereafter, if at all, would be a perfect opportunity to accumulate. Stock should ideally have fallen to 1803, if it fails to fall further, upward bias will be confirmed.
Targets 2180, 2414 in short to medium term. I am opening long with 6-12 months target.
Alternative confirmations :
1. June 23 Call OI max at 2000, next highest, almost half of 2000 OI, at 1900. Puts highest OI at 1800
2. P/E Ratio of 21, RoCE 30%, RoE 20%. PEG 1.47 (high in ind). 5 Yr. CAGR : Revenue 15.8%, EBITDA 16.2%, PAT/EPS 14.4%. Interest expenses negligible (low gearing). Dividend yield 2.6 (lower than ind but higher than Nifty 50).
3. P/E not higher than that of Industry. P/B superior to comparable peers. Profit growth superior to much larger players.
4. Institutions holding 38.7%, and FIIs 17.7%.
5. No major chunks of disposal by insiders (employees, of ESOP) is noticed.
6. Median deliverable volumes seem to be 40%+, not indicating only speculative counter.
7. Covered by quality research firms - 17 reports, 8 analysts with avg. target 2200 - covered by BoB, ICICI, HDFC. 4 Buy, 4 Neutral, 0 Sells, 1 upgrade.
8. July and Aug. Futures at normal premium.
Concerns:
1. High beta, 1.33.
2. FIIs pared stake by 1.17% in current quarter (seems profit booking, domestic MFs raised 0.55%)
3. June Futures small negative basis.
Overall, the stock is in the perfect buy zone, to start accumulating. I have opened fresh long positions.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
My view on MPHASISMPHASIS forming inverse H&S pattern
Looking tgt 2440-2450-2480++
in very short term👆
Keeping on radar Mphasis 2500 CE
Broadening Wedge breakdown in MPHASISMPHASIS 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+.
MPHASIS at breakout levelFriday closing of nasdaq is strong so there is a high probablity that it may give breakout,keep an eye on it
mphasis playing inside a triangle. can be stock of the month 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.
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.
Bullish Flag pattern breakout in MPHASISMPHASIS 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-.
MphasisWage formation in Mphasis has formed in Mphasis stock we can expect 1795 to 2200 in upcoming days.
Trendline break 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 given a good breakout ready for 2700Mphasis has given a good breakout today if sustain can expect 2700 in 2-3 weeks. Stop closing below today's low.
Trading near resistance zone!!!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.
Marubozu Breakouts in Weekly ChartMphasis
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.
MPHASIS 🔥🔥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 🔥🔥
MPHASIS LTD LONGStock 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.
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 future movementBased on Time factor and support resistance the whole movement of Mphasis is predicted.
Mphasis monthly chart analysis Mphasis share chart 5 wave upside
mphasis use 4 wave stoploss target all time high cross
