MPHASIS | Cup and Handle | Breakout | Daily

Excellent chart!

The **MPHASIS LTD** chart presents a **bullish Cup and Handle breakout** along with a minor **flag & pole** inside the handle — a powerful confluence of patterns.

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## ☕ **MPHASIS – Cup and Handle Breakout**

### 📍 **Pattern**: Cup & Handle + Mini Flag & Pole inside Handle

* **Cup Depth**: ₹600.85
* **Breakout Point**: ₹2643.00
* **Target Projection**:
₹2643 + ₹600.85 = **₹3243.85** 🎯

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### 📈 **Chart Highlights**

* ✅ **Breakout above neckline** (\~₹2643) with good **volume spike**
* ✅ Formed a **flag** inside the handle — already broken
* ✅ RSI above 60 and following rising trendline — **strong momentum**
* ✅ All EMAs bullishly aligned (short, mid, long term)

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### 📊 **Key Technicals**

* **Support Zones**: ₹2643 (breakout retest), ₹2500 (flag base)
* **Resistance/Target Zone**: ₹3242.55
* **Stoploss**: Below ₹2600 or ₹2500 (swing basis)

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### 🔍 **Bias**: **Strong Bullish Continuation**

Perfect confluence of patterns:

1. Cup & Handle
2. Handle formed a flag
3. Volume surge confirms breakout