Mphasis has recently broken above the Rs 2,500 mark, and if it goes above Rs 2,560, it will confirm a bullish pattern. The stock has bounced back from key support levels and is showing positive signs on both weekly and monthly charts. Traders are advised to buy Mphasis between Rs 2,500 and Rs 2,540, with a stop-loss at Rs 2,300. The stock could potentially reach Rs 2,850 and Rs 2,960 over the next 1 to 3 months.
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