Investers happy to see my result on HAPPIEST MIND TECHNOLOGY Happy time came for long term holders of happiest minds technology those who show patience in that share time to take reward now
Technical points :-
1. STRONG double down rising channel ( sign of reversal )
2. FLAG pattern breakout after the double channel
3. H4 on stipple top breakout
4. Near supply zone
5 Trend line visible on H4 time frame
as my previous research of double channel breakout
TARGET
FIRST TRG - 1200
SECOND TRG - 1400
THIRD TRG - 1800
FINAL TRG - 3200 & 4000 and that target is REAL
i am expecting that share reached 4000 in next year
Happiestminds
Happiest MindsNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Happiest Minds Tech Critical LevelIf Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585.
Revenue Growth and OPM of Happiest Minds are continuously falling
FY22 - 41% & 24%
FY23 - 31% & 25%
FY24 - 14% & 21%
Q4(24) - 10.4% & 20%
Return on Equity
5 Years: 30%
3 Years: 26%
Last Year: 21%
If it continues like this, It may not trade on Premium Valuation like before
Technically, If it will break down successfully of Level Fib(0.618) or 800(PSY), May go down and take support on Fib(0.786) or previous Support area (530-585)
Disclaimer : This is only for Educational Purpose. I'm not a SEBI Register Advisor.
Cracking the Code: Patterns, Breakout and Fundamentals Hey Traders! Ready for a chill breakdown of Happiest Minds Technologies? Let's Start
Happiest Minds Technologies is an IT consulting and services company focusing on digital transformation, offering a range of services from digital business to security.
📊 Patterns Party on Weekly Chart
Check out the weekly chart – it's like a pattern carnival: falling wedge, triple bottom, triangle, downtrend line – you name it!
Zoom in on the daily chart, and you'll spot the mysterious head and shoulders pattern, though it's not exactly accurate.
Heads up, the HAPPSTMNDS chart is basically a puzzle waiting to be solved.
📈 Battlefield: Levels 940 to 970
Picture this: 940 to 970 is the battleground for buyers and sellers over the past three years.
It's like a game – multiple tests, bouncing off, doing the support and resistance Drama. Drama at its finest!
🚀 Breakout Drama Unfolding 📉
Drama alert! Downtrend line breakthrough and a sneaky hint of the head and shoulders pattern on the daily chart.
The current price is 948, but hang on – for a real win, we need it to close above 970 with some oomph (that's strong volume, folks).
Hold your horses, though. If the price got rejected from key levels, our buy entry plan might need a rethink.
🔍 Weekly Candle Mystery
The weekly chart has this cool triangle pattern, but it's just Monday. Let's see where the Friday close takes us.
Focus on the daily chart for now. It's like binge-watching a series – adapt your strategy as the plot thickens!
📊 Fundamentals Analysis:
Financially, it's categorized as a Small Cap with a market cap of ₹14,501.13 Cr. The Price-Earning ratio stands at 62.50, with a PEG ratio of 0.87 and a Dividend Yield of 0.57%. Despite a high PE ratio, the company demonstrates strong fundamentals. It has a robust ROE track record (34.03%) and has maintained an average profit growth of 43.37% over the last 3 years.
Over 5 years, revenue has grown at an impressive 25.81% yearly, exceeding the industry average. Market share has increased from 0.11% to 0.2%, and free cash flow growth is outstanding at 220.62%, compared to the industry average of 14.45%. The company also boasts a healthy dividend payout of 30.2%.
However, there are concerns, such as a decrease in promoter holding by -1.89% in the last quarter. Overall, Happiest Minds Technologies appears to be a promising player in the digital transformation space, with strong financials and consistent growth. Investors should monitor promoter holding trends for potential impacts on the stock's performance.
Lastly, big thanks for the likes & comments. Remember, trading is like figuring out puzzles – takes time, but it's fun! 📈🚀🔍
In trading and life, "Create your own opportunities." 🌟 Stay positive and strategic! 🌟
Note: This analysis is just for learning, not a trading tip, as I'm not a SEBI registered Analyst.
HAPPIEST MINDS - SHORT TERM TRADE - 14th January #stocksHAPPIEST MINDS (1W TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Upper Trendline Resistance Breakout - Done ✓
- Retest & Consolidation - Done ✓
- Pullback Candle - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #happiestminds
Happiest Minds Technologies BreakoutNSE:HAPPSTMNDS Happiest Minds technologies had a breakout in today's session.
The stock was under continuous downtrend and then finally in today's session it gave breakout.
The stock with projected Targets and swing is defined over the chart. A perfect candidate for swing trade
Happiest Minds : Inverse H&S BreakoutInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips & look for the target of 1300 and above in the coming weeks. Maintain SL of 935
[Positional] HAPPIESTMIND LONG IDEAHappiest Mind has formed nice cup and handle pattern. It hasnt broken out of the pattern yet - but expected to break in next few sessions. One can enter a LONG trade in stock in HAPPIESTMIND.
Entry- 1010 (on closing basis on daily candle) . Entry will be good at this point as 1000 is nice round figure psychological support.
SL 967
Target:- 929
Target:- 1221
The target is expected in 3-4 months time frame.
HappiestMinds: Invereted H&S PatternStock has formed an inverted H&S Pattern.
1340-1350 Zone is acting as a neck line which is yet to be broken on DTF. Once that is done then a fresh entry can be initiated for a target of atleast 1500 keeping SL below right shoulder at 1270 on closing basis.
DISC: For educational purposes only.
Impluse - Consolidation - Impulse Pattern The chart is self explanatory.
Happiest Minds consolidates for a few days while taking support at EMA 20, and then rides the Impulse increase in share price.
Then it considates again, and repeats the pattern.
This time it has been consolidating for weeks and has been making Higher Highs and Higher Lows,
a breakout above the pattern will bolster conviction for upside movement.
This is not financial advice. To be used only for Educational Purposes
HAPPIEST MINDS going back up to 1500?HAPPSTMNDS is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback and 38% retracement. A long trade can be initiated on the daily timeframe. Only initiate the trade if price stays above the "LONG ABOVE" level for at least 15 minutes.
LONG ABOVE: 1430
STOP LOSS: 1385
TARGET 1: 1475
TARGET 2: 1520
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Plan your trade and manage risk properly.
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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.