HAPPIEST MINDS TECHNO LTD.
Hello traders!
key points:
🎯It appears that a Triple Bottom has formed, the stock has made a lower low, and now the
price is ready to move higher.
🎯The price seems to be getting support on the weekly chart.
🎯A bullish crossover has formed on the MACD oscillator and the RSI indicator has recovered
from the oversold level of 30.
🎯Volume indicator is bullish.
Major Level:
Support Price Level - 763.25
Resistance Price Level – 1023
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio while the optimal entry is an area for reversal signals.
Optimum Entry Nearby – 900
Stop loss - weekly candle close below 763.25
Target Price 1st - 1023
Target Price 2nd - 1580
Risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 763.25 – This suggests that the structure is not in our favor and it would be wise to reduce risk or close the trade until a solid signal gives us reason to re-enter.
Hello traders!
key points:
🎯It appears that a Triple Bottom has formed, the stock has made a lower low, and now the
price is ready to move higher.
🎯The price seems to be getting support on the weekly chart.
🎯A bullish crossover has formed on the MACD oscillator and the RSI indicator has recovered
from the oversold level of 30.
🎯Volume indicator is bullish.
Major Level:
Support Price Level - 763.25
Resistance Price Level – 1023
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio while the optimal entry is an area for reversal signals.
Optimum Entry Nearby – 900
Stop loss - weekly candle close below 763.25
Target Price 1st - 1023
Target Price 2nd - 1580
Risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 763.25 – This suggests that the structure is not in our favor and it would be wise to reduce risk or close the trade until a solid signal gives us reason to re-enter.