AmanSaraf

HAPPSTMNDS offering good RR

Long
NSE:HAPPSTMNDS   HAPPIEST MINDS TECHNO LTD
HAPPIEST MINDS

Chart Structure:

- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.

Volume:
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there was a delivery of 7.30 lac shares
- By looking at Volume bars, the supply looks exhausted.

Relative Strength:
- Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M
- Stock is also outperforming Midcap Index.
- Spread Chart breakout happened today.

Financials:
- In Q1, sales grew by 11% QoQ & 30% YoY
- PBT growth was -2% QoQ & 46% YoY
- PAT growth stood at -5% QoQ & -29% YoY

Other Positive Highlights:
- At CMP , the stock is offering excellent RR.
- Given the sectoral tailwind, the stock is also expected to perform well.

Good stock to study & keep an eye upon.

Comments

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200 coins
+4 Reply
this time is to buy
+4 Reply
I have also purchased 100 shares on 20 august
+3 Reply
What are the target you looking for
+3 Reply
AmanSaraf singamvinodh
@singamvinodh, First target 25%, Second I'll trail profits till the support trendline breaches
+1 Reply
Nice work @singamvinodh. . I also assume the same. . may be target will be achieved in next 15 days. . what you say. . would request you to pls post SL if first target gets achieved and also 2nd target too
Reply
@manishsukhija1989 sorry name by mistake. . I want to tag Mr. AmanSaraf
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