MPHASIS LTD. — Technical Stock Report Discussion

Mphasis Ltd. is showing a potential bullish recovery setup on the daily chart. After a sharp decline, the stock found support near ₹2,140–₹2,160 and has started recovering with improving price action and volume. CMP is around ₹2,343–₹2,345. Technical View: The stock has reclaimed the ₹2,300–₹2,330 zone. Immediate resistance is placed near ₹2,378–₹2,430. A strong breakout above this zone with volume may trigger further upside. Key Levels: 🔹 Support: ₹2,300–₹2,330 🔹 Major Support: ₹2,140–₹2,160 🔹 Resistance: ₹2,378–₹2,430 🔹 Targets: ₹2,520 / ₹2,560 / ₹2,617+ Bullish Scenario: Sustaining above ₹2,430 can strengthen the recovery and open the way towards higher resistance levels. Risk: A breakdown below ₹2,140 may weaken the bullish structure and increase selling pressure. Trading View: Positive recovery structure; breakout confirmation above ₹2,430 is important. For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊