NOW IN RANGEdue to less strength in it and us index stock is in range for quite lot of time,whichever side it breaks it can give 20-30 points quick move
HAPPSTMNDS trade ideas
Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 .
It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move.
Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside.
The current risk-reward also looks favorable for this positional trade.
CMP:992
Target 1200, 1300- 1350
Stop: Below 940 or 900 ( as per risk capacity)
Immediate support @ 955-944
Immediate resistance @ 1000-1015.
One can time trade on the basis of an hourly or daily chart.
Disclaimer : Trade at your own risk
Happiest Minds bullish trade Price took support at fib key levels
Multi month trend line has been broken
After break out flag pattern has been formed
currently price has ema 50 , ema 100 as support near key fib 50% level
observe target (1) - 1026.4
target (2) - 1088.5
target (3) - 1178.4
stop loss ---- 927
Happiest Minds Trend AnalysisHeadquartered in Bangalore, with operations in the U.S, UK, Canada, Australia and Middle East.
Ranked 4th 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.
Sound fundamentals with PE at steeper side after TATA ELXSI.
Expecting the Forward PE to be around 30 levels as per the growing trend of EPS with further reduction in share price in near future.
One of the most complicated charts has been SIMPLIFIED finally after GIVING UP several times.
Price is moving inside two curved trend lines highlighted and will continue lower as it broke the trendline support and is ranging below it, tried to retest it twice but failed.
A reverse Cup with Handle pattern formed as highlighted.
Expecting Triple Three correction before a possible break out towards upside.
First correction was FLAT, second was ZIGZAG and the third is expected to be a TRIANGLE.
Technical target is around 565 which lies in confluence with FIB level and curved trendline support.
Best to accumulate around 500-575 levels for a good upside.
Will update the targets after getting the much deserved MOTIVATION which doesn't cost you either time or money.
As always do your own due diligence before taking any action.
Peace!!
Swing Trading in Happiest Minds TechnoNSE:HAPPSTMNDS
On Weekly chart If we see its in a decaying pattern from Sep 2021 and as of today its almost 50% declined.
Now as we se the RSI on weekly or on Daily its in cooling zone or 25 to 32 so we may see a bounce in this in near future.
SO if it moves in upward direction with a little bounce then targets are:-
R1 = 1003 around (9%)
If bounce is major then
R2 = 1140 around (20%)
Also currently it is in a crucial support of and if market remains in negative trend (as per global clue and other local factors 80% changes are their) then here are the support levels:-
S1 = 857
S2 = 762
S3 = 625
S4 = 538
As of now this is good for trading not for holding any long positions unless it show the reversal.
What is the best time to add more long positions is?
If it crosses the 1263 means around (25%) recovery from current point.
Disclaimer:- Above are just information that can be used for analysis purpose, Play responsibly.
All above mentioned positions are as per the today market session, please adjust it as per your buying price.
That is how much profit or loss you can handle
Happiest Minds Breakdown PossibilityIt looks like it's gonna break that rectangular zone marked as the support level. Also, the IT indices looks weak which can also be considered as a confirmation to this possible move.
*Invest on your own analysis. It's an idea or possibility that can go wrong as well.
HAPPSTMNDS stock is about to break the trend line.NSE:HAPPSTMNDS
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
