MPHASIS potential breakout
On weekly Chart, the stock is gaining strength as it has recently broken above its key resistance level around 2794 and now trading at 2977.
RSI is above 60 and MACD is also bullish, with a crossover suggesting further upside.
This setup looks promising for a short-term swing trade, especially if the stock continues to hold above the breakout level.
Watch for continuation patterns or a break of recent highs for confirmation.
RSI is above 60 and MACD is also bullish, with a crossover suggesting further upside.
This setup looks promising for a short-term swing trade, especially if the stock continues to hold above the breakout level.
Watch for continuation patterns or a break of recent highs for confirmation.
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