Happiest Mind Buy near 600Happiest mind is at multiyear support but it should break and if the levels of 600 comes we can buy in lumsump
HAPPSTMNDS trade ideas
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.
Happiest Minds - Falling WedgeHappiestminds :
Falling wedge reversal in progress
Looks good with support at 700
Happiest Minds Technologies Ltdhappiest minds can be a good bet for long term. once IT sector problem gets normal we can see a upward trajectory.
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.
Happiest Mind Chart AnalysisGood fundamental stock, fallen from its all time high nearly 50% and now trading in an important support zone can be considered for long term at this price point
Also wait for bullish reversal signs near these support levels before entering a trade
Cheers happy trading!
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Stock is at support level. Good for long term investingCan be considered for long term investment. Descending triangle pattern is observed in the daily time frame. The price will most probably bounce from the support level.
Good fundamentals and FII/Dll holding is good.
Not a buy/sell recommendation. For educational purpose only.
Happiest Mind for Medium to Long termCurrently under buying zone above 800, looks good for long term for multifold refurn.
BUY Happiest Minds Technologies Ltd In my opinion, I am looking to buy Happiest Minds Technologies Ltd, which is a strong DEMAND ZONE AND 0.618% retracement level.
HAPPSTMNDS - Falling Wedge Pattern Formation🔊 HAPPSTMNDS - Falling Wedge Pattern Formation
HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD
⌛Duration - Long Term (1 year to 2 years)
📊📈 Trade Logic - Falling Wedge Pattern Formation
CMP - ₹ 813
Time Frame - Weekly
🎯Target 1 : ₹940
🎯Target 2 : ₹1050
🎯Target 3 : ₹1160
🎯Target 4 : ₹1260
🛑 Stop : ₹735
🏆 Risk/Reward Ratio (1: 7)
* Stock hit ATH of ₹1580 on 12th July 2021
* After sharp fall from july 2021 to June 2022,
stock goes into consolidation mode without
any significant price change.
* Stock recently bounced back from support
line and this time there is high chance to
break the resistance and start upward journey
* Trade reason - IT sector in momentum,this stock
is already beaten down and is at good support
level.
* FII and DII have increased their stake in June
qtr vs March qtr.
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Happiest minds - 80% gain Happiest minds
IT company
bright future of IT sector
Two targets as shown in chart
exit in parts 1/2 + 1/2
happiest mind stock analysis-happiest mind stock analysis-
The mcap of the stock is 12255 cr and the current price is trading at 805 p. According to the technical analysis of the stock, the support zone of the stock is 750. On the weekly timeframe, next week buying is expected...so you can keep an eye on it.
Things changing for this counterHappiest Mind CMP 804
The extreme indicator on the right bottom has something very imp. When the extreme high is touched for the second time, its an indication that an imp top is formed. The stock halved from the highs.
Fib - the stock is at 61.8% fib retracement. Hence the trend is intact.
Elliott- In my view the correction is done and the current correction is a deep wave 2. Hence from here the strong wave 3 should start.
RSI- Till now the stock was oscillating in the bear zone. In the current dip the oscillator has halted in the bull zone of 40. This is an early indication of a change in trend. The composite is too at support.
Volume- I will want some pickup in volume activity which will further confirm my view point.
MA - The stock sustaining above the averages will be an early indication of things changing . Second the RSI will reach the bull zone during this rally. Third the volume activity will increase.
HAPPSTMNDS BULLISHHAPPSTMNDS BULLISH
Triple bottom formation
at its support
consolidation is over, may show upmove
Happiest Minds - Happy times returning ? Downward trend Broken.
Momentum visible in price action - EMA 9, EMA 21 > EMA 200 , EMA 63 closing the gap and poised to go above.
Strictly trading recommendation as
- PE is twice that of industry average.
- Promoter holding is trending down
- FIIs and DIIs interest not showing any significant upturn
On the positive side
- QoQ and YoY results are not bad. Infact they are decent
- PEG is attractive at 1.06
- 20+ ROE, ROCE
- Good profit growth in last few years
Ride the wave with stop loss as per risk appetite.
Happiest Mind TechnologyDate 21.07.2024
Happiest Mind Technology
Time frame : Day chart
Remarks : The stock has been consolidating since last 2.4 years, the mentioned chart is a day chart for you. I would request each one of you to study or understand about "Darvas Box Theory" by Nicolas Darvas. He also wrote a book called " How I Made $2000000 In The Stock Market"
He skilled his investments by looking at only box/consolidation & then study fundamentals or volumes etc
You all may practice this looking at charts & see how long consolidations have behaved in the past & what was the news & fundamentals attached at that time.
Practice makes man perfect !
No results no worries but don't stop practicing & analyzing charts or fundamentals.
Regards,
Ankur Singh
Happiest Minds Time to enter this (Study Purpose)Waiting for price to move above Rs855,
Buy on every dip now, time has come for this.
rise upto Rs900-930 initially,
SL 810
Happy Mind with HappiestMinds!!Hi everyone! After a long stretch of sideways movement, it appears Happiest Minds is getting ready for a reversal. Short term and Long Term targets (if breakout sustains), are mentioned in the chart.
Fundamentally, the stock is performing good and the latest quarter results are good with increasing Net Profit and EPS.
Item YOY Dec 2023 Sep 2023 Dec 2022
Sales ⇡ 7% 371 370 345
EBIDT ⇣ 13% 68.2 71.8 78.6
Net profit ⇡ 38% 79.8 54.5 57.3
EPS ⇡ 34% ₹ 5.24 ₹ 3.58 ₹ 3.90
Disclaimer: This is not a buy/sell advice. Investments are subject to market risk.
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
Happiest mind weekly chart Looks like breakout above the trendline and price breakout. Maintain strict stoploss below the weekly candle low.
TrendReversal !! Invest !!🟢Its trading much below the ATH price. Monthly RSI crossed 55.
🟢2W charts indicate capitulation and trend reversal near 735.
🟢Momentum invest trend follower given buy signal in W chart.
🟢Invest in HPPSTMNDS @906. Add on decline @774 SL=700 MCB.
HAPPIEST MINDSHappiest minds
-Reversal
-Bullish
-Stock with good fundamentals
-Good pick for long term
