Technical Analysis
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.
The breakout...
IT index has shown outperformance in the past few days. Following it HAPPSTMNDS is now bouncing from the support. Forming a Triple bottom pattern on a weekly chart, with a Demand zone of 815 to 875.
Stock looks good for a move up after giving a breakout from the wedge and moving sideways with low being protected and a healthy cashflow indicates positive for the counter
NSE:HAPPSTMNDS
long holding can give better returns.it exactly retraced at 61.8 fib level.
This is just for educational purpose.consult with you financial advisor before investing.
A clear downtrend breakout and cup and handle pattern formation in Happiest Minds. From these levels, it can give a 25-30% move upwards. RSI is bullish above 50 and ADX is above 20 in the daily charts. OBV is rising. Important indicators hint a big move. Even the Ichimoku cloud indicator has indicated a reversal of the downtrend. I think it is a good trade to be...
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 !!
On Daily Basis Time Frame the Stock has given a Good BO on 17-08-2022 of Cup & Handle Pattern on Chart and also a good BO of downward Trend
So as per Chart the Stock looks Good for Short to Medium Term Position as per the Levels given below:
CMP - 1062.80 or BoD 1000
Target 1 - 1116
Target 2 - 1181
Target 3 - 1260 +
SL - 928
Time Frame - Short to Medium Term for...
NSE:HAPPSTMNDS
Stock -> Happiest Minds
TimeFrame -> Weekly
Hello all!
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
-Support...
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...
Stock Name - Happiest Minds Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1110
#This is not Buy and Sell recommendation to any one. This is for...
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.
SL 967
Target:- 929
Target:- 1221...
![HAPPSTMNDS: [Positional] HAPPIESTMIND LONG IDEA](https://s3.tradingview.com/h/h4EWltuN_mid.png "[Positional] HAPPIESTMIND LONG IDEA")
