Stock Radar: Ascending Triangle pattern breakout makes Mphasis an attractive buy; stock up over 30% from April lows

  • Posted on June 18, 2025
  • By Business News Today
  • 1 Views
Stock Radar: Ascending Triangle pattern breakout makes Mphasis an attractive buy; stock up over 30% from April lows

Mphasis Ltd. broke out from an Ascending Triangle pattern, signaling potential for an upward trend. After recovering from a low in April 2025, the stock surpassed its 200-day EMA. Experts suggest buying the stock with a target of Rs 3,000 within 5-7 weeks, supported by positive technical indicators like RSI and MACD.
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