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Saturday, November 19, 2011

Mphasis charts

Mphasis was looking bad. It has broken that rectangular pattern with HUGE volumes .

I was watching for sometime . It has now a very good chance of hitting 150 levels.


  1. Thanks for your views ! I have updated my weekly analysis on

    Please drop in your feedback.

    Thanks and continue the good work

  2. Any SL do you propose? The stock has moved up today.

  3. i saw today it moved up ...But a one day upmve doesnt consitute a reversal....that Rectangle area should provide considerable resistance...frankly i dont see it moving above it ....if u want place a stop loss at it is hitting at the lower boundary of the rectangle.....lets see how far it moves....