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
States of The Market and Most Important "How to Trade in That"in this video we try to understand the states of market and most important things how to trade in that states. Every body told about this previously but no body told you the secret how to trade in that states. we try to make it simple in this .
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MPHASIS - 12/11/2022-LOOKING GOOD#MPHASIS... โ
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INTRADAY/ Short term delivery call as well ๐
All levels given in charts ...
IF good potential seen then we work in options also
๐if 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.
short 1542 target1542 target within a month ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................