MPHASIS Name - MPHASIS Pattern - Symmetrical triangle Status - Breakout Cmp - 3104 Target - 5209 SL - 2670
Fundamentals : Good Here are some key financial ratios for Mphasis Limited:
Price-to-Earnings (PE) Ratio: 28.71 Price-to-Sales (P/S) Ratio: 3.862 Debt-to-Equity Ratio: 0.093 Return on Equity (ROE): 15.2%3 Net Profit Margin: 11.6%3 Enterprise Value to EBITDA: 21.022 These ratios indicate Mphasis’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
Pattern A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward. Here are the key features:
Structure Converging Trendlines: The pattern is formed by two trendlines that converge towards each other. One trendline connects a series of lower highs, and the other connects a series of higher lows12. Volume: Typically, volume decreases as the pattern progresses, indicating a reduction in trading activity and volatility1. Interpretation Neutral Pattern: The symmetrical triangle is considered neutral, meaning it can signal either a continuation of the existing trend or a reversal, depending on the breakout direction12. Breakout: A breakout above the upper trendline suggests a bullish move, while a breakout below the lower trendline indicates a bearish move12. Trading Strategy Entry Point: Traders often enter a position when the price breaks out of the triangle with increased volume. Price Target: The price target is typically estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point1. Stop-Loss: A stop-loss order is usually placed just below the breakout point to manage risk1.
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