Mphasis, a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 3460 // 3900
Stoploss - weekly close below 2475
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Break of Cup and Handle Pattern: The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement.
- 2830 Resistance Zone Breakout: The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum.
- Bullish Marubozu Candle on Weekly Timeframe: The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement.
- Volume Spike: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
- Breaking Consolidation Phase of 2+ Years: The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend.
Target - 3460 // 3900
Stoploss - weekly close below 2475
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
註釋
made a high of 7%++註釋
hold for target!註釋
made a high of 9%++註釋
hold!註釋
new high!註釋
hold註釋
retested the support zone and bounced back註釋
strong bullish marubozu candle on weekly timeframe, hold!註釋
we can expect a sharp move above 3190註釋
hold!註釋
weekly close above previous swing high, hold!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。