Arren_Whitmore

A Regression Trend : Breakout

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BSE:HAPPSTMNDS   HAPPIEST MINDS TECHNOLOGIES LI
1. Price reaches the overbought level of CCI . (Time Range : 10Feb 13:15 - 16Feb 13:15)
2. Fails to break out off the regression line. (Price Range : 403.90 - 418.80)
3. Takes support before the breakout.
(Price range : 393.95 - 413.10)
(Time Range : 12Feb 13:15 - 16Feb 13:15)
4. Another confirmation comes right from the MACD :
Centerline Crossover just before the failed breakout, upward momentum.
Positive Histogram

Feel free to correct me.
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