MPHASIS trade ideas
MPHASIS Break-Out and entered all time highFollowing the trend of technology stocks and healthcare stocks.
Mphasis (a technology company stock) has given breakout from it all time resistance and has entered uncharted territory.
Keep stop loss at 1153 and buy. Keep a view of 3 Months to 1 year and buy.
*** ideas are my own , please invest as per your own risk ***
MPHASISNSE:MPHASIS
ENTRY LEVELS HAVE BEEN MARKED - IF LONG STAY ABOVE THOSE LEVELS AND WAIT FOR 1175, IF CROSSES TRAIL STOP LOSS AND PLAY FOR UPSIDE
BELOW THAT 1133, 1122 AND FURTHER TO 1102, TRAIL STOP LOSS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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mphasis Tech Analysismphasis support 956-950, 925, 910
resistance 1010, 1035, 1055
**i am not sebi registered analyst.**
MPHASISMPHASIS has been given breakout@893 and will be reach@957,1008,1064 with sl@880 and RSI shows that upward move are remaining.
MPHASIS - EXPECTED TO RUN FURTHER HIGHMPHASIS
CMP 1214
Weekly Chart
Stock broken out of consolidation with good volumes.
RSI suggests momentum intact.
Last 4 quarters, Company's key fundamentals has been showing steady growth.
A stock to watch out for.
Hence target is open.
Stop 1040.
