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MPHASIS BFL moving up from strong support zone, further strength expecting once closes and holds above 396.


  • Stock moving up from strong 23.6% fibonacci retracement support zone @ 378, chart indicates as long as stock holds above bulls will be favored and bounce back can see from current levels.
  • On upper side stock will find 50 DMA resistance around 396, once Mphasis closes and holds above 396 then further strength can be seen in coming days. Close Watch.

MASTEK LTD facing strong support at current levels, bounce back can be seen as long as holds above 380.


  • Stock facing strong fibonacci retracement support at current levels @ 380, chart indicates as long as stock holds above bull move can be seen.
  • Stock also facing 50 DMA support at current levels, as long as stock holds above 50 DMA bulls will be favored.
  • On upper side mastek will find strong resistance around 425 its previous high.

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