Happiest Minds is forming a VCP at around it's ATH levels on drying up of volume.. Additionally, we can notice a RSI Bullish divergence. This confluence gives a high probability for a positive BreakOut.
As suggested in earlier analysis, the stock has broken the resistance today and closed above its resistance of ₹ 1465. Triangle pattern is showing an upward bullish trend.
Target : 1580
Disclaimer : this is only for the education purpose, do your own research before making any buy/sell decision.
BUY above the horizontal line. it has been consolidating from a long time now. i had published a chart before which had shown a certain pattern. follow the stoploss and the targets given in the chart. stoploss is at daily closing basis.
Just one step away from breakout. Once its done, you will see this stock flying high.
Disclaimer : This is just for educational purpose. Do your own analysis before taking any position. I am not responsible for any profit or loss.
- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there...
Perfect Triangle pattern is emerging in Happiest Minds Technology. It is waiting for the breakout. 1st resistance is 1465 which can be consider as an entry point. closing above this price will be a bullish trend and target is 1550 for short term.
HAPPSTMNDS is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback and 38% retracement. A long trade can be initiated on the daily timeframe. Only initiate the trade if price stays above the "LONG ABOVE" level for at least 15 minutes.
LONG ABOVE: 1430
STOP LOSS: 1385
TARGET 1: 1475
It has been running very strong. It is about to pause its rally after its final up-trend completes. It is just pause and will resume again strongly.
First target : 1620
Second target : 1680
Third target : 1765
Invalidate level : 1400 (closing basis)
Currently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
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