Mphasis Ltd – 1W

Important Levels: Resistance: 3,040 – 3,250 Immediate Resistance: 2,835 Support: 2,363 Major Support: 2,062 Business: Mid-tier IT services company focused on BFSI, cloud, and digital transformation. Strong exposure to US clients. Earnings: Recent weekly candle shows sharp selling pressure. Broader IT weakness visible. Margin pressure + global slowdown concerns impacting sentiment. Verdict: Structure turning weak below 2,835 zone. 2,363 is the key support to watch for stabilization. Recovery only above 3,040 for trend shift. Disclaimer: SEBI Registered Research Analyst For educational purposes only No Buy/Sell recommendations