MPHASIS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical analysis of Mphasis Ltd (MPHASIS)

📊 Trend Overview

Current Trend: Consolidating with bearish undertone

Price is hovering just above both 50 DMA (₹2,716) and 200 DMA (₹2,664), but recent weakness suggests a lack of strong bullish conviction.

The stock is down from its 52-week high of ₹3,240, indicating a cooling-off phase.

📈 Momentum Indicators

RSI (51.1): Neutral zone, showing neither strength nor weakness.

MACD (-5.68): Negative crossover, signaling bearish momentum.

Volume: Below weekly average, suggesting waning interest or indecision.

📉 Moving Averages & Chart Patterns

Bearish Bias: MACD and volume trends point to short-term weakness.

Support Levels

₹2,716 (50 DMA, immediate support)

₹2,664 (200 DMA, critical support)

₹2,600 (psychological support)

Resistance Levels

₹2,850 (minor resistance)

₹3,000 (strong resistance)

₹3,240 (52-week high)

📎 Bollinger Bands

Price is near the middle band, with narrowing bands indicating low volatility.

No breakout signals; consolidation likely to continue unless volume picks up.

🔍 Short-Term Signals

Momentum: Weak, with bearish MACD and low volume.

Entry Zone: ₹2,660–₹2,700 (if support holds)

Exit Zone: ₹2,850–₹2,900 (near resistance)

🧭 Conclusion

Trend: Consolidating with bearish signals.

Outlook: Watch for breakdown below ₹2,664 or reversal above ₹2,850.

Strategy: Cautious accumulation near support; avoid aggressive buying until MACD turns positive and volume improves.

You can explore more on TradingView’s technical dashboard or Investing.com’s indicator summary for real-time updates. Want me to compare this with another IT stock or visualize the trend?

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