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
HAPPSTMNDS trade ideas
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
HAPPIESTMINDNow setups is activevated 📉📈 as per my past experience it's ready for entry trade now for equity and long-term 🎯💯🎯💯💯 Follow the risks management ❌.
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 mind falling wedge pattern complete ready to go furtherhappiest mind completed falling wedge pattern ready to go more upside
for target of 1230₹
HAPPIESTMINDS will It start uptrend?HAPPIESTMINDS consolidating for good time. It has long way to go to upper channel if it breakout.
CNXIT/NIFTY50 ratio shows IT sector is near reversal.
so need to plan it accordingly.
Breakout in Happiest mindsDescending Triangle Breakout Setup
RSI above 60 and rising
Trading above EMA50
Volume increasing
Disc: for study, not a recommendation
Happiest minds Stock breaking out long falling trend line. Seems ready for upside move. Can reach 950/1000/1050+ in coming months.
HAPPIEST MINDS TECHNO LTD - DESCENDING TRIANGLE (WEEKLY TF)Weekly Time frame indicates descending traingle pattern
Although Nifty IT is on a reversal track, its hard to predict
If it break upwards, it might rally else short
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.
HAPPSTMNDS Good to StudyNSE:HAPPSTMNDS
Its trading in the channel
Taken good support from the bottom level of the channel.
Its will give confirmation only above 954
but at Current level, RRR is good
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Happiest Minds Looking Very Strong- High Momentum Stockreversing from lower trend support
bullish candle in lower support shows strength
rsi also ready to give breakout
volume rising slowly and strong closing in all time frames
Happiest Mind will make you happy :)Various positive signals found on the chart.
- triple bottom
- falling wedge
- triangle pattern
- oversold
- near to lower trendline
50 - 50 prediction AAR YA PAAR
Happstminds If it breaks trendline can go longHappstminds
RSI
MACD showing positive divergence
If it breaks trendline with good volumes can go long for a potential 40% upside
Upward Impulse Due - Happiest MindsHappiest Minds has recorded some strong financials in the recent past which could trigger an up move in the coming months triggering it to go all the way till 2K.
Happiest mind long setupNvidia leading in USA, likewise indian IT companies will also lead soon. Happiest mind is one among them. Traingle setup with good strong support.
Happiest Minds Technologies LtdIts near its 52 Week low.
Dividend giving stock.
Good ROCE ROE.
Promoter Holding is good & Less promoter Pledged.
Debt is less than reserves.
Demand Zones are marked as Green shaded horizontal areas.
Support is marked as green horizontal line.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Levels:-
Buy 760 - 650
Stoploss 600
Swing Target 950 - 1025 - 1180
Long Term Tgts 1360 - 1550
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
