HAPPSTMNDS - Falling Wedge Pattern Formation

1 Sep

🔊 HAPPSTMNDS - Falling Wedge Pattern Formation
HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD
⌛Duration - Long Term (1 year to 2 years)
📊📈 Trade Logic - Falling Wedge Pattern Formation
CMP - ₹ 813
Time Frame - Weekly
🎯Target 1 : ₹940
🎯Target 2 : ₹1050
🎯Target 3 : ₹1160
🎯Target 4 : ₹1260
🛑 Stop : ₹735
🏆 Risk/Reward Ratio (1: 7)

* Stock hit ATH of ₹1580 on 12th July 2021
* After sharp fall from july 2021 to June 2022,
stock goes into consolidation mode without
any significant price change.
* Stock recently bounced back from support
line and this time there is high chance to
break the resistance and start upward journey
* Trade reason - IT sector in momentum,this stock
is already beaten down and is at good support
level.
* FII and DII have increased their stake in June
qtr vs March qtr.

Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.