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Technical Positional Pick - Buy Happiest Minds Technologies Ltd For Target Rs. 1575 - HDFC Securities 

TECHNICAL OBSERVATIONS

The attached weekly timeframe chart of this stock (Happiest Minds Technologies Ltd) indicate multi month uptrend in the last many months.

The stock price has witnessed an upmove as per the positive sequence of higher tops and bottoms. The higher bottom formation was limited to a range movement in most of the occasions.

After showing a similar range movement in the last one month, the stock price is now placed to show upside breakout of the range at Rs 1450 levels.

The pattern of daily ADX/DMI and 14 period RSI indicate strengthening of upside momentum for the stock price ahead.

The overall chart pattern of HAPPSTMNDS signal long trading opportunity. One may look to create positional long as per the levels mentioned above.

Buy Happiest Minds Technologies Ltd Up to 3 Months @ Add on dips 1335 CMP 1420  TGT 1575 SL 1299

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