Mphasis is currently showing a mildly bearish technical outlook, trading below key moving averages such as the 50-day and 200-day EMA, signaling short-term weakness. The RSI is around 37, indicating oversold conditions but no strong reversal yet. MACD and other momentum indicators also suggest bearishness. However, immediate support near ₹2,710 could act as a base for consolidation or a potential bounce if buying interest emerges. Caution is advised until a clear bullish momentum confirms a trend reversal.
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