HAPPSTMNDS trade ideas
HAPPIESTMINDS - Bull Pennant Pattern breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic, Entry range, SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
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Is it time for accumulating Happiest Minds?As per the chart, you can see in both hourly & daily chart a clear triangle breakout is seen along with good volume. If you see the hourly chart bullish flag & pole patterns can also be seen. Apart from that, the bottom support has been tested for quite a bit of time. The RSI is also indicating a possible reversal, as the momentum gets higher & higher. As per my thinking, the major resistance it will feel will be at an all-time high but may even break out that level also, if all global queues stay positive for some months (may be).
I think, this could be a good time to BUY, who didn't get it at the time of IPO.