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Tech Stars : Buy Mphasis Limited For Target Rs.2420 - Religare Broking
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Mphasis Limited
TECHNICAL RATIONALE – In line with the recovery in the midcap IT counters, Mphasis too is catching up with the trend. It has witnessed a breakout from a consolidation range of late and also reclaimed the long term moving average i.e. 200 EMA on the daily chart. We thus recommend creating fresh longs in the mentioned range.
Buy Mphasis Limited CMP 2260.50; Initiation Range 2250-2260; Stop Loss 2145; Target 2420
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