Happiest Minds is one of the fundamentally strong multi-bagger stocks, which has corrected nearly 50% from its all-time high of 1581. It is an IT company, ranked 4 in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented...
DAILY SWING CALL // Wednesday 06th of April 2022 // NSE:HAPPSTMNDS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1137
TARGET: 1307+ (15% Around)
Stock has formed an inverted H&S Pattern.
1340-1350 Zone is acting as a neck line which is yet to be broken on DTF. Once that is done then a fresh entry can be initiated for a target of atleast 1500 keeping SL below right shoulder at 1270 on closing basis.
DISC: For educational purposes only.
Happiest Minds Technologies, THE MID CAP IT GIANT which a leading digital transformation technology provider is finally out from the trade to trade segment, the stock has seen a reasonable correction from its highs with improving fundamentals.the volumes are squeezed shows the TTM SQUEEZE ,the stock has formed a triple bottom like structure which is a bullish...
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Happiest minds is about to give a breakout.
Buy above- 1421 only.
Target one- 1470.25
Target two- 1508
Target three- 1537
Target four- 1580
SL- 1296, after reaching first target trail SL to 1327.
(All targets can come before Diwali or up to Diwali).
Downfall has finally stopped
Climax volume seen in past few sessions
if holds current levels and breaks above can show good moves
Risk to reward is reasonable at the moment
Good levels to add partially
The chart is self explanatory.
Happiest Minds consolidates for a few days while taking support at EMA 20, and then rides the Impulse increase in share price.
Then it considates again, and repeats the pattern.
This time it has been consolidating for weeks and has been making Higher Highs and Higher Lows,
a breakout above the pattern will bolster conviction for...