💻 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.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.