HAPPSTMNDS trade ideas
""Classic example of Breakout with Volume"[HAPPSTMNDS]''Happstmnds Recent IPO"
After very good IPO listing
Stock was in consolidation after Steller listing
was not able to break first day high for quit few times
1. Try to break in first attempt(shown in candle '1')
good volumes seen but candle was weak onw
But BO of this candle not happened
2. Again try to BO (shown in candle '2')
good volumes with very strong candle
after forming candle '2'
stock went to consolidation with decreasing volumes
BO of candle '2' happened with strong candle and good volume
then very good move seen
this is live example of breakout with volume
Flag and triangle pattern breakout in happiest mindsA clear cut flag, as well as a triangle pattern, has been broken in this stock with good volume and the 1st upside target for this will be 585 with a stop loss of 530.
The second and third target can be 620 and 650 respectively.
A good fundamental stock as well.