"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and...
1. Downward trendline since IPO broken
2. Volumes increase post trendline break
3. Double bottom made near 310
4. IT sector started move in anticipation of good quarterly results.
Buy on dips near 340-335 zone..
Timeframe: 1-3months
Target1: 365 => RR 1:2
Target2: 400 => RR 1:3
Stoploss: 320/310 (based on risk profile)
The trend line is broken and the last kiss is almost there. Keep a check .. A good rise can be expected !
(Educational Purpose only. Trade at your own risk)
Happies Mind Technologies has formed Strong Support at 311 & Strong Resistance at 350
The Script has formed Triangle pattern and if the script closes at daily chart above 332 go for Long
Entry - Above 332
SL - 321.35
Target - 350.00
Disclaimer: Kindly do your own analysis before executing the trade.
If it breaks 345.95 go for long for swing trade. It has given high of 346 with heavy volume on 18.12.2020. The candle has given close above 50 SMA with heavy volume .
HappiestMinds has been one of the solid fundamental Small cap IT company which is poised to grow in the future. It failed to mark new highs post IPO due to its high PE valuations. After it consolidated for a few days forming a wedge pattern, it has given a good breakout. Target 1 will be the previous high and leave the rest for investment.
Happiest minds is about to break the triangle pattern in the upside.
#positional
Buy it above 327
Buy in dips till 318
Tgt: 336, 350, 380+
Sl: 306
Timeframe: 2 months
