MPHASIS LTDLong
Mphasis Ltd - Positional view on weekly chart
For those who have read Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets" will relate to the structure forming here and the stage in which the stock is currently in.
The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the stock price is near the buy zone.
Manage strict stop loss of 5-8% if the trade goes wrong
Note: Not a buy/sell recommendation. Please do consult your financial advisor.
The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the stock price is near the buy zone.
Manage strict stop loss of 5-8% if the trade goes wrong
Note: Not a buy/sell recommendation. Please do consult your financial advisor.
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