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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.

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3 comments:

  1. AnonymousNovember 20, 2011 at 9:06 AM

    Thanks for your views ! I have updated my weekly analysis on http://mytradinghandbook.blogspot.com/

    Please drop in your feedback.

    Thanks and continue the good work

    ReplyDelete
  2. sansethiNovember 24, 2011 at 3:45 AM

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

    ReplyDelete
  3. jonakNovember 24, 2011 at 4:31 AM

    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 330...today it is hitting at the lower boundary of the rectangle.....lets see how far it moves....

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