MPHASIS LTD
Long
Updated

MPHASIS long position

671
On the chart we can see the price is consolidating inside the falling wedge.
We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position.

In order to avoid false breakout, look for the volume increase.

The target is shown on the chart.

Trade active
After the successful breakout , the price continues higher. Wait for a target now
Note
so far so good
Note
taking profit now but still more upside

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.