Happiest Minds was in correction phase for quite some time and has is almost at 60% from its ATH. The chart is pretty straight forward . It had given a breakout from it is lower low and lower high pattern.
CMP is at almost 907 and with a SL of around 8% at 830 Target levels of 1120 , 1320 , 1520. Risk to Reward Ratio seems to pretty good for this trade. For long term investment I would keep the SL at 750.
Note: This idea is only for the Educational purpose. Kindly trade at your own Risk
Thanks & Follow for more ideas like this. HAPPY TRADING
Welcome to the TradingView community. Good work on your first analysis. Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
Welcome to the TradingView community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
regards,
Vanathi