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HAPPIEST MINDS TECHNO LTD

A trend-line and resistance breakout

By DR_AZYGOS
Updated
HAPPSTMNDS
HappiestMinds had been consolidating for a long time now.
Today it gave a breakout from my white bearish trend-line and from 1475 level, which acted as a long term resistance.
took support at pink bullish trend-line.
If it breaks that we have an immediate resistance (R1) at 1530, following which we can expect further up move to an all time high.
So the scrip looks good for a short-term Long position.
good luck.
Trade active
has broken out of the pink "bullish" trend-line, and as expected 1530 (R1) acted as a very strong resistance.
we can expect the pink "bullish" trend-line to act as a support for further up-move.
Note
MACD cross over can be expected if one more bullish day candle happens
breakoutBullish Patternshappiestmindsshort-termSupport and ResistanceTrend AnalysisTrend Lines
DR_AZYGOS

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