Tech Query: Should you buy Mphasis shares at current levels?
What is the technical outlook for Mphasis? I would like to buy for short-term horizon.
Ashish Pathrabe
Mphasis (1,911.3): The stock of Mphasis began to decline in the past week after recording a new high at 2,008 in late April this year. Since bottoming out in March 2020 from 630 the stock has been in a long-term uptrend. Medium as well as short-term trend are also up for the stock. Recently, the stock breached a key resistance at 1,800 and recorded a new high. But it has started to decline on the…
