MPHASIS LTD
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Head and shoulder pattern activated

424
Mphasis, trading near 200 EMA

HNS pattern is activated

results on 23 jan'24.

the trend suggests weak results

the stock can correct from 15 to 20 % after results,

keep a watch on this counter for big upmoves

if stock closes above 2840, then the pattern may reverse and the downfall can be arrested.

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