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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
L&T Technology has given breakout | Now it will be unstoppable!!Hello Traders and Investors, i hope you all will be doing good. I have brought an analysis on L&T Technology Services, i hope it will be beneficial to you guy's, So let's start:- As we all know Nifty IT was not performing well since last one year, but now it is accelerating,,i think this momentum will take all good fundamentally stocks to their all time highs. today also Nifty IT roaring with 611 points up(+1.97%) as of now. I already have posted analysis of Tech Mahindra and similar kind of pattern we are seeing in this L&T Technology also. Hero Also we have seen neat and clean breakout on chart. In this also earlier trend was in Downtrend then Accumulation phase and now it has given breakout of Accumulation phase so now the trend has shift ot Uptrend. We will get confirmation in some few coming sessions. Some Technical important Levels for L&T Technology Services:- Best Entry Point to go long in it will be 4050-4120. Now it is trading at 4111. Keep stop loss at 3908 Targets will be 4311/4684 Price is above 200-D EMA (Means Trend is Positive) MACD is giving bullish crossover (Means Trend is positive) Indicator and Price Action showing bullish View in this stock. Some other Important things about this Stock:- ₹ 43,383 Cr. Current Price ₹ 4,106 High / Low ₹ 4,319 / 3,076 Stock P/E 38.1 Book Value ₹ 469 Dividend Yield 1.10 % ROCE 32.8 % ROE 25.0 % Face Value ₹ 2.00 Debt ₹ 454 Cr. EPS ₹ 111 PEG Ratio 2.16 Promoter holding 73.8 % Intrinsic Value ₹ 2,622 Pledged percentage 0.00 % EVEBITDA 23.0 PROS Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 23.7% Company has been maintaining a healthy dividend payout of 38.0% CONS Stock is trading at 8.90 times its book value. Stock is Giving opportunity for long term investment also at this levels. So trade carefully and always follow discipline in trading. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:LTTSLong
by TraderRahulPal
6
Nifty IT: Soaring Towards 36800 and Beyond?Wondering if the sharp rally in this sector will persist? Nifty IT displayed significant movement yesterday, continuing today with a breakout. My intuition suggests a potential move toward the 36800 level. I'll consider adding more to my portfolio if there's a retest of the breakout level, although the likelihood seems low. Nifty IT not only has the potential to reach 36800 but also to surpass it – the path ahead appears clear. Stay tuned for updates as we navigate this promising trajectory in the Nifty IT sector. #NiftyIT
NSE:CNXITLong
by iamrk7
A Good Up-Swing Expected in HCLTECHA good short term opportunity has presented itself in HCL Technologies. Stock has shown a good bounce off the 50 DMA with strong volumes. The move is coming on the back of satisfactory results. Nifty IT index is also in a good trending structure. A powerful Bullish Engulfing has formed right at the moving average which gives more confidence to go long. SL: This is a small risk trade with Stop Loss being right below the Engulfing candle, somewhere around 1199. Entry: Entries can be made right away at the open of next candle or you can also wait for some retracement for better risk reward ratio. Target: Target can be ATH of around 1350+
NSE:HCLTECHLong
by ST_SNOOPY
Investment_ WiproNamaste! Wipro has been sold off (down 47% from the ATH) because of technology sector (NASDAQ 100) being selling off since the start of the year. Buying good companies at a discount is always a good idea. So, I see a very good investment opportunity in this stock. Remember, investing is different from trading. There are only two scenarios in my opinion, either a company goes bankrupt, or I make money. I, even ( no one ) can predict when will the stock rise or reach the price targets. But, don't sell in a loss. Q: When and what price to buy? A: Entry price is Rs 415.05 . Well, I generally place a buy-stop orders above candle's high. There is always a resistance (sellers) above the high of any candle. So, logic is that, buyers have to be more powerful to move any stock above the highs. Hence, I will be joining strength and buying above highs. Q: What if it doesn't execute? A: Entry price won't be changed until I update it here. You can place GTT (Good Till Triggered) orders with your broker. Means, in a span of one year, whenever the stock reaches that price, you will be automatically buying it at a mentioned price. Remember, I have a well planned investment method. Everything is pre-decided, when to buy, when to sell, how much shares to buy, capital allocation: Everything. So, kindly prepare yours. I share many stocks, from different sectors, different market caps, etc. So, it is your responsibility to select your favorite ones. Even if you're getting returns >12% annually, you should be very happy because you're beating the markets. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing. I already have some shares and will add more if I get another opportunity.
NSE:WIPROLong
by UnknownUnicorn7637383
LATENTVIEW - THE ART OF WYCKOFF ACCUMULATIONLATENTVIEW is being accumulated by institutions, I have already explained the Wyckoff Accumulation in my previous posts. You can refer my 63MOONS post to study in detail. I have initiated my position @ 383. MY stoploss is 340 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:LATENTVIEWLong
by nishant_bhatt
Bullish Flag Pattern Breakout & Pullback Pattern in Persistent.Hello Traders & Investor, I have brought another analysis on Persistent System which has given a neat and clean breakout of BULLISH FLAG PATTERN , after that price has pullback to retest the breakout zone. Now it is ready to fly in blue sky..Well Guy's i already have told earlier about this flag pattern but still i will tell you all in short here, Q:- What is a flag pattern? Rahul:- A flag is a formation in the technical chart representing a period of temporary consolidation or pause before the trend continues to move either upward or downward. I hope you have got it. So, guy's whenever you see this pattern, wait for breakout and then take entry or you can enter after retest the levels (Pullback). The risk and reward is really very favorable if you take entry after any bullish flag pattern breakout. ABOUT COMPANY:- Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. It also has partnership with providers such as Salesforce and AWS. Market Cap ₹ 45,375 Cr. Current Price ₹ 5,899 High / Low ₹ 6,035 / 3,611 Stock P/E 45.2 Book Value ₹ 574 Dividend Yield 0.68 % ROCE 30.3 % ROE 25.3 % Face Value ₹ 10.0 Debt ₹ 555 Cr. EPS ₹ 128 PEG Ratio 1.84 Promoter holding 31.1 % Intrinsic Value ₹ 2,371 Pledged percentage 0.00 % EVEBITDA 26.6 PROS Company is expected to give good quarter Company has delivered good profit growth of 24.6% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 36.6% Company's median sales growth is 17.4% of last 10 years CONS Stock is trading at 10.3 times its book value Important levels for .PERSISTENT SYSTEM LTD. Buy in between 5915-5850. Targets we can see 6370/6883+ Keep Stop loss at 5599. Price is above 200 EMA We have seen Proper Breakout of Bullish Flag Pattern in daily timeframe. with Good Volume Price is sustaining above breakout of Flag Pattern and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:PERSISTENTLong
by TraderRahulPal
IT stock to watch before reversalIdea is shared as Long term reversal pick only for educational purposes. Stock name:-Mphasis Market cap around 40000 crore Buy in range of 1950-2050 Technically IHNS Breakout above 2500. SL below 1650 WCB Targets 3500, 4000++ Diving into some fundamental ratios at CMP:- PE ratio-25 (Near 5 yr median PE and industry PE) ROCE-28.9% ROE-21% Debt/Equity-0.2|| Debt/Earnings-0.96 Div yield above 2% Promoter holding above 55% with no holding pledged. One noteworthy observation is DII have increased stake from 17.78% to 22.55 % in last 1 year.
NSE:MPHASISLong
by chartistamey