Happiest Minds stock formed Symmetrical Triangle Pattern which is a neutral pattern where the stock can be bullish or bearish. So, we can expect the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
Chances for Long is high and short is low in my opinion.
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$$lOGIC: A potential trade will be activated only when it breaks the triangle pattern and closes on the D chart, a good Swing trade :)
Risk and Reward are defined from current levels as of...
#REC CMP 126
A LITTLE MORE CONSOLIDATION POSSIBLE
BUY RANGE 100-125
SL BELOW 95
SHORT TERM VIEW
#SYMMETRICAL #BREAKOUT #MULTIBAGGER
MANAKALUCO has given a breakout on its weekly charts from a much consolidated symmetrical triangle pattern. Target range would be equal to the range of the triangle i.e. Rs. 5.05 from the point of breakout. This provides a target of Rs. 15.25
-The stock managed to close above its previous crucial resistance zone
-we saw a pennant breakout
-macd turned positive
-rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months
-if the stock manages to close above 1478 on monthly basis then we will achieve higher levels