NSE Mphasis Bearish Symmetrical Triangle Confirms Downside Target
Following a sharp decline from its January peaks, Mphasis has been trading sideways inside a large Symmetrical Triangle pattern. The stock is making lower highs (A, C, E) and higher lows (B, D), showing that price ranges are tightening up.
Right now, the stock is trading right near 2,413.40, testing the upper falling trendline (Point E). Because the major trend leading into this pattern is down, the technical setup favors a continuation to the downside.
Targets: 2180 – 2086 – 1932 – 1760
NSE Sun TV Network: Triggering the Breakdown Setup
Sun TV Network stock is currently trading close to its multi-month support base and its 52-week low zone near 480.
Targets: 460 – 436 – 406
Wait for the Close: Fresh short positions or exit strategies should only be executed once a daily candle closes strictly below 480.
Invalidation Level: If the stock bounces from 480 and moves back up, this bearish target structure is completely invalidated. The stock range is 510 to 480.
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