HAPPSTMNDS BULLISH HAPPSTMNDS BULLISH
CLASSICAL ELLIOTT WAVE FORMATION
Impulsive move with extension formed as Wave1 ( wave count of 13 considered to avoid confusion of internal count)
Correction with retracement upto 0.618,
Complex correction ( double combination ending with a triangle)
Breakout from the triangle with increasing volume will suggest start of new trend (Wave 3)
It's an analysis and not an investment advice, trade with due diligence.
HAPPSTMNDS
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.
HAPPSTMNDSHAPPSTMNDS:- The stock has broken its lower high lower low pattern and may have also broken the trendline and also given a breakout of the trendline. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HAPPSTMNDS - Ichimoku Bullish Breakout Stock Name - Happiest Minds Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1110
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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DAILY SWING CALL // 06th of April 2022 // NSE: HAPPSTMNDSDAILY SWING CALL // Wednesday 06th of April 2022 // NSE:HAPPSTMNDS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1137
TARGET: 1307+ (15% Around)
STOP LOSS: 1023 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
HAPPSTMNDS finally at buying zone can give 30% returnsI will buy HAPPSTMNDS because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 1333
Target : 1728
Stop loss : 1282
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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