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Happiestminds

Mr. Ashok Soota is waiting for the day to come soon mostly :)Hello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought an IT stock with an investment idea that has been sideways for a long time. Now it looks like that movement will come, and it will cross 830+ soon. That will be the breakout of the stock, and it may move further after that. Strong support at 720. Difficult to break. It may consolidate between this range, but it looks doubtful that it will break 720. It has a good price and time to accumulate slowly for the long term. If it breaks 830 and sustains, then upside targets as per fibbo are 925, 1050, 1150, 1250, and 1400+. IT index is super bullish so full chance for this company to change trend from sideways to Uptrend. Lets see… It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future. Source: Screener.in Happiest Minds Technologies Ltd About Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company Key Points Business Overview: Company offers IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. In the Solution space, focus areas are Security, M2M and Mobility solutions. Additionally, company is an authorized partner with global information technology players to deploy their services and create custom solutions. Business Units: a) Product Engineering Services (PES): This unit assists software product companies in building products and services that integrate mobile, cloud and social technologies b) Digital Business Services (DBS): DBS unit provides advisory, design and architecture, custom-app development, package implementation, testing and on-going support services to IT initiatives c) Infrastructure Management & Security Services (IMSS): This delivers integrated end-to-end infrastructure and security solutions with specialization in cloud, virtualization and mobility across a multitude of industry verticals and geographies. ** In FY24, company introduced Generative AI Business unit, which is expected to mature in 2-3 years.** Solutions Offered: a) APPrise b) Digital Assisted Selling Platform (DASP) c) Data Accel d) Digital Content Broker Solution (MCaaS) e) Integrated Security as a Services (iSaaS) f) Location Mobile Personalization (LO-MO-ME) g) MIDAS h) Digital Customer On Boarding (d COB™) Technology Offered: Analytics, Artificial Intelligence, Automation, Cloud, Digital Infrastructure Management, Internet of Things, Security, Software product engineering, etc. Services Offered: a) Agile Infrastructure b) Data Management c) Digital Transformation Services d) Managed Infrastructure & Security Services e) Product Engineering Services f) IT Security Services g) Web Technologies User Industries: Automotive, Banking, Consumer packaged Goods, E-Commerce, Education Publishing, Manufacturing, Retail, Travel & Hospitality, etc. Clientele The company has 244 active clients. Out of these, 57 companies are Fortune2000 / Forbes200 Billion dollar corporations. ~88% is repeat business. ~53% clients are >5 yrs old. International Presence: USA, UK, Australia, Canada, Netherland, Singapore, Malaysia and Dubai Liquidity As of Q2FY24, company has cash equivalents and liquid investments of ~Rs. 1,135 crs. Also, they raised Rs. 500 crs. through QIP and Rs. 135 crs. through NCDs. Revenue Breakup - Q2FY24 PES : 50% DBS : 27% IMSS : 17% Oth Inc: 6% Geographical Revenue Split - FY22: Company generated revenue from Exports ~81% which consisted of Infrastructure Management & Security Services ~14%, Digital Business Services ~23% and Product Engineering Services ~44% Country wise Revenue Mix FY23 USA: 70% India: 15% Others : 15% Promoter Holding Pledged As on December 31, 2022, 7.01% of the shares of Ashok Soota are pledged. Source: Yahoo Finance Happiest Minds Technologies Simply Wall St Growth Rating: ★★★★★☆ Overview: Happiest Minds Technologies Limited offers IT solutions and services across various regions including India, the United States, and several other countries, with a market cap of ₹110 billion. Operations: Happiest Minds Technologies Limited operates in the IT solutions and services sector, catering to clients across regions such as India, the United States, Canada, and several others. The company generates revenue through its diverse service offerings in digital business solutions, product engineering services, and infrastructure management. Happiest Minds Technologies has demonstrated robust financial performance with a significant 21% yearly revenue growth, outpacing the Indian market average of 10.6%. This growth is complemented by an impressive forecast of 24.8% annual earnings expansion over the next three years, highlighting its potential in a competitive tech landscape. Notably, the company's recent launch of Happiest Minds' Secureline360, an AI-driven security solution, underscores its commitment to innovation and sector leadership in cybersecurity solutions. This strategic focus not only enhances its service offerings but also positions it well for sustained growth amidst evolving digital threats. • Get an in-depth perspective on Happiest Minds Technologies' performance by reading our health report here. • Learn about Happiest Minds Technologies' historical performance. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:HAPPSTMNDSLong
by Alleyshah
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
NSE:HAPPSTMNDS
by Share-Mechanic
6
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
NSE:HAPPSTMNDS
by SENSITRADE_T
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.
NSE:HAPPSTMNDSShort
by manish88005
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.
NSE:HAPPSTMNDS
by AfnanTAjuddin
3
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
NSE:HAPPSTMNDSLong
by TradingSutra
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
NSE:HAPPSTMNDSLong
by Aayush_Rungta
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 _____________________________________________________________________________________________________________________________________________________ Plan your trade and manage risk properly. Like and follow for more. :)
NSE:HAPPSTMNDSLong
by Tradeception_