HAPPIEST MINDS TECHNO LTDPembelian
Happiest Mind Neo wave counts
Diupdate
HAPPIEST 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
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
Catatan
Catatan
LONG ENTRY IS ONLY ABOVE 1365.TILL THEN WAIT I THINK STOCK IS MAKING WAVE 5 OF ENDING DIAGONAL AND HENCE WILL NOT BREAK 1200 ON THE DOWNSIDE.AROUND 1210 IF WE GET REVERSAL CANDLE FOLLOWED BY FOLLOW THROUGH IN THE NEXT CANDLE ALONG WITH DECISIVE CLOSE ABOVE TL(GREEN) THEN REVERSAL CANDLE LOW SHOULD BE KEPT AS SL FOR LONG ENTRY.(THIS WOULD BE AGGRESSIVE TRADE) CONFIRMATION WILL STILL BE ABOVE 1365 LEVELS.Catatan
So tempted to buy this stock as it is nearing wave 4 correction,we had bullish piercing pattern formation in yesterday's trading session and today we are seeing follow through,it has crossed 20 day ema in today's trading session which is coming at 1283,and add to it we have bullish divergence in RSI,suggesting momentum on the down side has vanished,prices also bounced from lower BB,we will also have H&S breakout on RSI once it crosses 52 level,i think we can take 10% position as of now with a stoploss of 1210,and pyramiding should be done once it crosses 1313 and 1365 for eventual target of 1450 and 1590 on the upside.
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