Buy MPHASIS LIMITED (NSE: MPHASIS )

The stock has been trading as per the Momentum Triple Pattern theory in all time frames such as daily, weekly and monthly chart which indicates that the trend is up and the stock could further accelerate its upside movement.
On a daily chart, the stock has tested a strong support of its 50 days exponential moving average which caused for a bounce back move in the stock.
On a weekly, the stock has given a breakout with healthy volume activity and made its all time high level which show positivity in the counter.
A daily momentum indicator RSI reading is at 71.09, trending in an overbought zone which points out for a positive breath in the stock.
Based on above technical structure, we are expecting a good upside movement in the counter for the upcoming trading session.

expert

Rattanindia Enterprises Ltd ( RTNINDIA ) Best 1

Rattanindia Enterprises Ltd (RTNINDIA) RattanIndia Enterprises Limited (RTNINDIA) is the flagship company of Rattanindia Group…

5 months ago

Jio Financial Services Ltd. (JIOFIN) Company vision is to digitally deliver range of financial products…

8 months ago

L T Foods Ltd (DAAWAT) LT Foods Limited is an India-based food company, which is…

9 months ago

REFEXIND Company engaged in the business of refilling and selling non ozone depleting refrigerant gases…

1 year ago

Mazdock Mazagon Dock Shipbuilders Limited, formerly called Mazagon Dock Limited, is a shipyard situated in…

2 years ago

Welcorp Welspun Corp Ltd., the flagship company of Welspun Group, which is among the Largest…

2 years ago