MPHASIS MORNING TRADE SETUP

Reason to buy :-
1. Bullish candel on weekly chart.

2. Stock in rising channel, making lower lows and higher highs.

3. MACD revershal right from centre line.

4. RSI 64 considered to be bullish.

5. IT sector stock which has taken u turn from lows.
Trade:-

So, 2800 CE option Feb expity availablr at Rs 54, looking good. Lot 275.