💻 Mphasis – Preemptive Rounding Bottom Breakout Setup
Mphasis has been consolidating sideways for 5 months, holding strong support around ₹2600.
With the IT sector showing bottom formation and early signs of trend reversal, Mphasis is positioned for a potential big upside breakout.
📌 Trade Plan (Positional):
• CMP: ₹2797
• Stop Loss: ₹2590
• Targets: ₹2950 / ₹3153 / ₹3659
📍 Bigger Structure Insight:
• Major rounding bottom breakout level sits at ₹3659
• If the breakout above 3659 sustains, the rounding bottom target extends to ~₹5659
• Price structure tightening → momentum buildup likely
• Strong base formed over months + sector recovery setup
This is a positional trade, may be slow, but structure is strong for long-term upside.
⚠️ Clarification:
This is an independent analysis based purely on technical & market study.
Religare Broking Limited is not involved in this view or recommendation.
📝 Important:
I am not responsible for any profit or loss. No fees are charged — purely educational.
📉 Disclaimer:
Not SEBI-registered. Please do your own research.
Mphasis has been consolidating sideways for 5 months, holding strong support around ₹2600.
With the IT sector showing bottom formation and early signs of trend reversal, Mphasis is positioned for a potential big upside breakout.
📌 Trade Plan (Positional):
• CMP: ₹2797
• Stop Loss: ₹2590
• Targets: ₹2950 / ₹3153 / ₹3659
📍 Bigger Structure Insight:
• Major rounding bottom breakout level sits at ₹3659
• If the breakout above 3659 sustains, the rounding bottom target extends to ~₹5659
• Price structure tightening → momentum buildup likely
• Strong base formed over months + sector recovery setup
This is a positional trade, may be slow, but structure is strong for long-term upside.
⚠️ Clarification:
This is an independent analysis based purely on technical & market study.
Religare Broking Limited is not involved in this view or recommendation.
📝 Important:
I am not responsible for any profit or loss. No fees are charged — purely educational.
📉 Disclaimer:
Not SEBI-registered. Please do your own research.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.