Positional or Longterm Opportunity in Happiest Minds
Go Long above 873.9 for Targets of 1032, and 1137.4 with SL 821.2
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. In addition to this, the stock gave Trendline breakout on a Monthly timeframe.
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. In addition to this, the stock gave Trendline breakout on a Monthly timeframe.