MPHASIS TRENDLINE REVERSAL

MPHASIS

Mphasis Ltd. engages in the provision of application development and maintenance services, infrastructure outsourcing, and business and knowledge process outsourcing solutions. It operates through the following segments: Banking and Financial Services, Logistics and Transformation, Technology Media and Telecom, Insurance, and Others.

Trendline Support + just dropped below 200 EMA and started consolidating.
Major support and resistance flip Zone.

Nifty It closed around 200 ema support.

The low is 0.5 fib retracement or major bull trend.

StopLOSS - Below Flip zone.

Check the chart for a visual view.

Keep learning.
Happy Trading.

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Breakout Done by 2% move and closed around day high more follow up move expected.

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Moving good 2220 from 2160.

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2270+ from 2160 Burst today

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2385+ Holding for next resistance of 2550.