Buy Happiest Minds for target of 365/400
1. Downward trendline since IPO broken
2. Volumes increase post trendline break
3. Double bottom made near 310
4. IT sector started move in anticipation of good quarterly results.
Buy on dips near 340-335 zone..
Timeframe: 1-3months
Target1: 365 => RR 1:2
Target2: 400 => RR 1:3
Stoploss: 320/310 (based on risk profile)
2. Volumes increase post trendline break
3. Double bottom made near 310
4. IT sector started move in anticipation of good quarterly results.
Buy on dips near 340-335 zone..
Timeframe: 1-3months
Target1: 365 => RR 1:2
Target2: 400 => RR 1:3
Stoploss: 320/310 (based on risk profile)
Note
Target1 of 365 achieved and stock corrected from that resistance.But before that, stock made low of 311 so those with SL of 320 might have stopped out.
Trade closed: target reached
Target1 was achieved. Stock building momentum again. HOLD. Book partially near 360
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