Happiest Minds Cup and Handle LongA 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 taken. Let us see how it plays out. All the best.
HAPPSTMNDS trade ideas
classical setup of trendline breakout with retest confirmation !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 !!
CUP & HANDLE BO ( HAPPIEST MINDS)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 final Tgt
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
Happiest Minds Long opportunityNSE: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 from both 200 and 50-day EMA
-Strong bounceback from Golden Fib Zone(50%-61.8%)
Risk Reward ratio also looks decent for going long
*NOT A CALL*
#nifty #happiestminds #technicalanalysis #flagandpole #stocks #trading
Happiest Minds : Inverse H&S BreakoutInverse 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 starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips & look for the target of 1300 and above in the coming weeks. Maintain SL of 935
HAPPSTMNDS - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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[Positional] HAPPIESTMIND LONG IDEAHappiest 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
The target is expected in 3-4 months time frame.
50% correction is complete may be accumulation is possible now.Happiest mind one of the multi bagger correct from 52wk high 50% . This is very good time to grab the stock in pieces. At that point accumulation phase is possible & a few day stock was confirm that . Before any institutional or HNI buying grab it.
Happiest Minds - Multibagger stocks BreakoutHappiest Minds is one of the fundamentally strong multi-bagger stocks, which has corrected nearly 50% from its all-time high of 1581. It is an IT company, ranked 4 in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc.
Currently, it is trading at an attractive price. All possible targets are mentioned on the stock.
If everything remains the same, it may go till 2000 in a couple of years also. It is about to break out from its downtrend. keep this stock under your radar. Any price between 900-940 is a good price to enter.
This is not a trade recommendation. Do your own analysis before investing.
Please share your views on this stock in the comment.