HAPPSTMNDS trade ideas
HAPPIEST MINDSNote:
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Happiest Mind Neo wave countsHAPPIEST MIND NEO WAVE COUNTS.
Seems like primary 4 is about to end as minimum time required for wave 4 formation is done in today's trading session,also yesterday it had an strong bullish candle of which we are getting follow through in today's trading session.
Now long entry should only be made once trend line is breached and price stays above 25 ema for 2 days,also by 11-11-2021, 31 period cycle low's are due,hence keep an eye on this stock for capturing upside movement in the form of wave 5 till 2000 levels.
Long entry should be made above 1365, On Downside 1200 should be kept as initial stop-loss which should be trailed as prices advance in upward direction with a target of 1900-2000 levels.
Long entry logic
1)Starting of primary wave 5
2)stock crossing important price action zone of 1355-1365
3)Bullish reversal candle near channel support line
4)Down slopping Trend line breach.
5)Price crossing 25 ema.
6)31 day cycle low nearing
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
HAPPSTMNDS = HAPPY RETURNS %The chart is self explanatory.
Don't simply go Long, observe the chart very carefully if it suits your risk management and trading plan then go long. Otherwise simply skip and move on there is plenty of stocks available in the market.
Dont push yourself. Fomo leads to mental sickness.
This is not a call only for educational purpose.
I m coming catch me if u canHappiest minds has been consolidating from the 16 July till now making a death cross on the bottom indicating a bright strong up move from here.
If u can see there were many instances to break the 1354 level on the lower side but the stock resisted there and after taking support from there it is ready to make an up move. This is supported by the RS Nifty where the line is curving for the upside, secondly by the MACD and thirdly the volume in the fall is not significant.
HAPPSTMNDS finally at buying zone can give 30% returnsI will buy HAPPSTMNDS because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 1333
Target : 1728
Stop loss : 1282