wowitstony

#HappiestMind might be making a multi year bottom here

Long
NSE:HAPPSTMNDS   HAPPIEST MINDS TECHNO LTD
TA Wise : Price has recently stopped out everyone with a Stop loss below June 2022, indicates, anyone who bought it since Jan 1st 2022, should be in loss with max pain in the position, The kind of hold Price has shown in April is remarkable, On Daily TF, its also making a HH with today`s closing as per Dow theory, All Price has to do is flip 850 level with the quarter closing for me to stay bullish on it, and confirm a strong reversal with me expecting a multi year bottom here. So with closing today its a strong buy for me and with Tuesday Opening (May 2nd), I will start buying it slowly and will keep a moderate position , After confirmation above 850 closing I would add aggressively in my mid term position.

FA Wise : I am not much familiar with the FA on it, But as far my knowledge on the company says, its in IT and data management with cloud mining and has performed consistently with regular returns to investors. So from my perspective, there is not much of concerns for me to hold it for mid-long term.

Feel Free to comment and post suggestions on the Analysis, All info shared are for Entertainment purpose, My DMs are always open.


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