Buy Mphasis Ltd For Target Rs. 3320 by Jainam Share Consultants
Buy Mphasis CMP 2942 Buy Price 2942 Target 3320 Stop loss 2783 Holding Periond 30 Days
* The stock price trading at Rs. 2939.00 on 02 SEPT 2025.
* MPHASIS has formed a Cup and Handle pattern on the daily chart, indicating a potential bullish reversal Price has broken above key resistance zone, supported by strong volume
* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above both the 50-day EMA and 200-day EMA, indicating a positive shift in trend.
* RSI is also trading at above 60. rsi indiccating strength in this breakout
* Based on the current price action, we expect the stock to move higher toward the 3300-3320levels. A stop loss can be maintained at 2783to manage risk effectively.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
