Happiest Minds- Pennant BOHappiest Minds:
BO from Pennant formation after good consolidation range. Target 1561.
Only for educational purpose. Not a recommendation.
Happiestmind
HAPPIEST MINDS TRIANGLE BREAKOUTBUY above the horizontal line. it has been consolidating from a long time now. i had published a chart before which had shown a certain pattern. follow the stoploss and the targets given in the chart. stoploss is at daily closing basis.
Wait and watch for the long positionEntry should be taken if this trendline breakout and confirm the breakout with candlestick pattern..
Happiest Minds Technology : Triangle PatternPerfect Triangle pattern is emerging in Happiest Minds Technology. It is waiting for the breakout. 1st resistance is 1465 which can be consider as an entry point. closing above this price will be a bullish trend and target is 1550 for short term.
HAPPSTMNDS offering good RRHAPPIEST 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.
INTERESTING OBSERVATION IN HAPPIEST MINDSJust an observation but seems interesting. Every W in RSI of happiest minds has triggered a good up-move. hoping the recent setup does the same we can expect it to break previous high
HAPPSTMINDS - Elliott wave analysis # complete cycleIt has been running very strong. It is about to pause its rally after its final up-trend completes. It is just pause and will resume again strongly.
First target : 1620
Second target : 1680
Third target : 1765
Invalidate level : 1400 (closing basis)
NIFTY IT Sector Still some strength leftCurrently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
Stocks to look out for :
Mindtree
MPHASIS
COFORGE
TATELXIS
HAPPISTMINDS
Happiest minds Flag BO NSE:HAPPSTMNDS
Can add near 1240-1250
SL 1120 closing bases
T 1340, 1470, 1590
Story of Happiest Minds - 100% return 🔥🔥 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
📌 Just analysis or you can say backtesting my patterns and price actions :) no potential trade on these levels + on monthly TF it has moved a lot already which is 100%+ so it might get volatile for a while :) just all the possible trades that could have been traded
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Important Trend LinesI have marked some important trend lines in the DAILY chart of Happiest Minds Technologies (HAPPSTMNDS).
let me know what you think in the comments.
CHEERS :)
HAPPSTMNDS LONG SETUPHAPPSTMNDS can given good upside breakout above 899 - 909 levels.
can move towards upper FIBO LEVELS in coming days.
Resistance - 3984.15 , 1021.05, 1139.35, 1165.05
View Negates below - 840 levels.
HAPPIEST MINDS CHART ANALYSISHAPPIEST MINDS IS GOOD TIME TO BUY AND ADD FRESH POSITION AT THIS LEVEL.
SHARE SUPPORT IN 20 PERIOD MOVING AVERAGE.
Cup and Handle BO Happiest MindsGlad that Cup n Handle of Happiest Minds almost reached 5 times target.
Published first on Feb 14, 2021
Happiest Minds Tech (HAPPSTMNDS) - Good to buy and accumulate Happiest Minds Technology
Its in buy zone. It is good stock to invest for long term investment. It may take support at 617 range.
For the short term, the up side can gear up to reach the targets of 694, 720
**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock.
