Happiest Minds Technology : Triangle PatternAs suggested in earlier analysis, the stock has broken the resistance today and closed above its resistance of ₹ 1465. Triangle pattern is showing an upward bullish trend.
Target : 1580
Stoploss: 1350
Disclaimer : this is only for the education purpose, do your own research before making any buy/sell decision.
Happiestmind
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.
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)
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📌 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 ⌛
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🎓🎓 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.
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