Short Mphasis with a stop loss at Rs 445, says Shrikant Chouhan, VP Technical Research of Kotak Securities.
Chouhan told CNBC-TV18, "Trade short Mphasis with a stop loss at Rs 445 on the higher side. The stock is below its bearish continuous triangle and it has broken its rising trend line at Rs 420 which clearly indicates the stock is heading for the levels of Rs 395 and 385 on the lower side."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
