Technical Trading Idea : Mphasis Ltd For Target Rs. 2730 By Motilal Oswal Wealth Management

Mphasis Ltd
Buy Mphasis Ltd CMP 2538 SL 2450 Target 2730 Duration Weekly
* Falling supply trendline breakout on daily chart.
* Surpassed above 50 DEMA.
* Surge in traded volumes visible.
* RSI momentum indicator suggesting strength.
* Buying visible across the IT space.
* We recommend to buy the stock at CMP Rs.2538 with a SL of Rs.2450 and a TGT of Rs.2730.
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