Fundamentally good stock
Entry: 930/ 955
major stoploss/ support: 750
;good for long term investment.
refer my old idea attached bellow
stay for update
reset chart for clear view.
Add this to your watchlist wait for conformation
fundamentally good stock
Once it reaches : 1100
then it come for retracement upto: 990
after retracement it again comes to : 1050
that is what entry point is,.
stay for update
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. ...
Happiest minds had given multibagger returns in 2021 and since then, it has been a correction phase in the stock.
Recently, the stock has bounced from a strong support and has given breakout from resistance trendline.
It is a good small cap IT stock with decent fundamentals looking strong for a bullish momentum.
Best buy level for the stock is around 875-880 with...
Happiest Minds Analysis 12-3-203 Buy over 903 closing for target of 1030; second target 1131
at buy good to have rate over 20 ema & 3ema cross over 21 ema on rsi.
sl on prv weekly lower break or 21ema cross over 3 ema on rsi.
A breakout occurred after a series of declines and consolidations.
The RSI is above 60, which is a sign of bullishness.
The price is trending above its 20-day moving average.
The price is still below the 200-day moving average, but we will see.
There has been an increase in volume over the last few days. which is a good sign.
Finally IT sector seeing a relief rally after a long time.
Levels are marked in chart (self explanatory).
DISCLAIMER : This idea is for education purpose only, before any investment please contact your certified financial advisor !
Thank you !!
Stock -> Happiest Minds
TimeFrame -> Weekly
Happiest minds has been consolidating in a flag since July 2021. It finally gave a high volume breakout this week and I believe this makes for a good opportunity to go long!
There are multiple indications that further strengthen my conviction on going long:
-Support from 50-week EMA
Inverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
Happiest Mind has formed nice cup and handle pattern. It hasnt broken out of the pattern yet - but expected to break in next few sessions. One can enter a LONG trade in stock in HAPPIESTMIND.
Entry- 1010 (on closing basis on daily candle) . Entry will be good at this point as 1000 is nice round figure psychological support.
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.