The short-term outlook for Mphasis is bullish. The stock surged over 5 per cent on Tuesday and closed strongly. This rise has taken the share price well above the key ₹2,390-₹2,400 resistance zone.

The 200-Day Moving Average (DMA) is also poised in this region. The strong close above the 200-DMA also strengthens the bullish case. Any dips in the coming days will be limited.

Mphasis share price can go up to ₹2,600-₹2,630 in the coming weeks. Traders can buy Mphasis shares now at ₹2,465. Accumulate on dips at ₹2,420. Keep the stop-loss at ₹2,345 initially. Trail the stop-loss up to ₹2,495 as soon as the stock hits ₹2,525. Revise the stop-loss higher to ₹2,530 and ₹2,570 when the price touches ₹2,565 and ₹2,595, respectively. Exit the long positions at ₹2,620

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on October 14, 2026