Mphasis Outlook: Breakout Zone Signals Fresh Momentum

is showing improving technical strength on the daily chart after recovering from its March low. The stock is currently trading around the ₹2,500 zone and has moved back above its key moving averages, indicating that the medium-term structure is gradually turning positive. The immediate hurdle is placed around ₹2,500–₹2,523. A sustained daily close above this zone could strengthen the breakout setup and open the way toward ₹2,600, followed by the ₹2,700 area. The ₹2,500 level is particularly important because the stock has faced repeated resistance around this region. Recent weekly analysis also identifies ₹2,496 as an immediate resistance and ₹2,537 as the next major hurdle.  On the downside, ₹2,463 is an important support, followed by ₹2,447 and ₹2,428. A sustained move below ₹2,428 could weaken the current structure and bring ₹2,395 into focus. Momentum indicators remain constructive but require confirmation. RSI is around 59, suggesting positive momentum without entering the overbought zone. However, the MACD on the chart is showing some short-term cooling, so a decisive breakout above ₹2,523 would provide stronger confirmation. Overall, Mphasis remains cautiously bullish above ₹2,463, while a decisive breakout above ₹2,523 could signal the next leg of the uptrend.