📌 Key intraday / near-term levels & technicals
1. Current price (NSE) is around ₹2,908–₹2,927.
2. Day’s low ~ ₹2,865, day’s high ~ ₹2,933.
3. According to a recent “trade spotlight” technical view:
Immediate support near ₹2,800 (close to 20-day EMA).
Immediate resistance near ₹2,920. A clean breakout above this with volume might signal further upside.
If price dips below support zone (₹2,800), watch for weak momentum or a pullback.
4. Technical indicators (on daily chart) suggest a bullish / “buy” bias — moving averages (short and mid-term) are bullish.
5. According to one weekly-based analysis, key support/resistance zones for the week are: Support ~ ₹2,766.40, major support ~ ₹2,721.40; Resistance ~ ₹2,841.70, next resistance ~ ₹2,872.00.
✅ What this means for 1-day / short-term trading
If Mphasis stays above ~₹2,900 and breaks clearly above ~₹2,920 with volume → could test higher intraday levels or even aim for a swing up.
On a dip, watch ₹2,800 as first buffer/support; a drop below this might open possibility of larger retracement.
Given bullish structure, intraday bounce or continuation is likely if broader market supports IT/sector strength.
1. Current price (NSE) is around ₹2,908–₹2,927.
2. Day’s low ~ ₹2,865, day’s high ~ ₹2,933.
3. According to a recent “trade spotlight” technical view:
Immediate support near ₹2,800 (close to 20-day EMA).
Immediate resistance near ₹2,920. A clean breakout above this with volume might signal further upside.
If price dips below support zone (₹2,800), watch for weak momentum or a pullback.
4. Technical indicators (on daily chart) suggest a bullish / “buy” bias — moving averages (short and mid-term) are bullish.
5. According to one weekly-based analysis, key support/resistance zones for the week are: Support ~ ₹2,766.40, major support ~ ₹2,721.40; Resistance ~ ₹2,841.70, next resistance ~ ₹2,872.00.
✅ What this means for 1-day / short-term trading
If Mphasis stays above ~₹2,900 and breaks clearly above ~₹2,920 with volume → could test higher intraday levels or even aim for a swing up.
On a dip, watch ₹2,800 as first buffer/support; a drop below this might open possibility of larger retracement.
Given bullish structure, intraday bounce or continuation is likely if broader market supports IT/sector strength.
Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Contact Knowledgehub for a detailed consultation: Dm on WhatsApp: [wa.link/a2o0kz]-
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Phone No: [+91 93102 26243]-
Email: [tradingviewknowledgehub@gmail.com]---
-- Let’s achieve success together!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.