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Stock Analysis of Mphasis
Price- ₹1378.70 Dt. - 30-10-2020
Today price made the bullish engulfing pattern on the daily chart at the end of the trading session. on 29th Oct. the price took the support of the trendline and today the stock given the close above 21DEMA. RSI is neutral on the daily chart but on the weekly chart, the stock is near the 70 in RSI. If open in green in the next trading session than it could be the buy signal. If the market condition remains positive than stock can break the 52 week high.
Today price made the bullish engulfing pattern on the daily chart at the end of the trading session. on 29th Oct. the price took the support of the trendline and today the stock given the close above 21DEMA. RSI is neutral on the daily chart but on the weekly chart, the stock is near the 70 in RSI. If open in green in the next trading session than it could be the buy signal. If the market condition remains positive than stock can break the 52 week high.
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