BALRAMCHINI & MPHASIS Showing High Rise in Future OI

19 Ağu

Balrampur Chini

• The stock price saw a notable decline after dropping beneath the Rising Wedge pattern.
  
• Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern.
  
• After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again.
  
• This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher.
  

Mphasis

• The stock price is currently in a strong consolidation phase.
  
• The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout.
  
• To see an upward movement, the price needs to break through the 3,100 level and stay above it.