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Happiestminds

Happiest Minds Trend AnalysisOne of the most complex corrections came to an end. It has formed WXY double corrective pattern where W is ABC Zigzag & Y is ABCDE triangle. Entire correction lasted for more than 3 years & 3 months but in that duration company has shown revenue growth and they have increased their employees as they are expanding globally in the field of disruptive innovation. Net profit got affected due to margin pressure (increase in employee cost). Debt is little concerning, rest all parameters are ok. On a broader view, waves 1 & 2 have ended and price is at the initiation of wave 3. Wave 3 targets can be huge. Will share the targets later. Do your own due diligence before taking any action. Peace!!
NSE:HAPPSTMNDSLong
by Swastik24
1
Happiest Minds: Happy days are here again? 🤩Hello There, Welcome back! 👋 Here is all you need to know about Happiest Minds: • The stock price has been range-bound in a downward Wedge pattern for over 14 months. • An attempt to break the pattern resulted in a long upper-wick candle, suggesting sellers' presence. • A subsequent inside candle gave a weak breakout, after which the price has been consolidating/retesting. • The psychological level of 1000 has acted as a strong resistance. • Despite crossing the 1000 level weekly for the past 3 weeks, the price has failed to close above it. • A close and sustenance over the 1030 level would be absolutely necessary for it to continue its upward momentum • The next immediate resistance seems to be around 1175. • Another important thing to note is that it recently raised 500 Crs via QIP @ 924/Share. That is what triggered the 6% fall a day ago. • Help us reach many like-minded investors like You! Would you give us a Boost for motivation? • Investors included Troo Capital, Société Générale, BNP Paribas Arbitrage ODI, BofA Securities Europe SA -ODI and Morgan Stanley Asia (Singapore). Given that these are funds and not corporates, The sole motto seems to be capital appreciation which is a positive. • The Indian IT sector too is approaching its critical resistance for the third time. Which company should we analyze next? 👇 Thoughts or Questions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HAPPSTMNDS
by TheChartereds
6
Happiest Mind 61.8% Fibonacci Positional TradeFibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action. This retracement level is most likely to generate a reversal price move. Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022. Currently, it is retesting the same support area and there is a probability that it might bounce from here again. Considering the good risk-reward ratio, there is a good positional trade opportunity here. If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
NSE:HAPPSTMNDSLong
by manuagarwal21
Happiest Minds Trend AnalysisHeadquartered in Bangalore, with operations in the U.S, UK, Canada, Australia and Middle East. Ranked 4th in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Sound fundamentals with PE at steeper side after TATA ELXSI. Expecting the Forward PE to be around 30 levels as per the growing trend of EPS with further reduction in share price in near future. One of the most complicated charts has been SIMPLIFIED finally after GIVING UP several times. Price is moving inside two curved trend lines highlighted and will continue lower as it broke the trendline support and is ranging below it, tried to retest it twice but failed. A reverse Cup with Handle pattern formed as highlighted. Expecting Triple Three correction before a possible break out towards upside. First correction was FLAT, second was ZIGZAG and the third is expected to be a TRIANGLE. Technical target is around 565 which lies in confluence with FIB level and curved trendline support. Best to accumulate around 500-575 levels for a good upside. Will update the targets after getting the much deserved MOTIVATION which doesn't cost you either time or money. As always do your own due diligence before taking any action. Peace!!
NSE:HAPPSTMNDSShort
by Swastik24
4
Top AI stock is up for grab cmp 1346Happiest mind is one of the leading companies among AI stocks. Persistent, TATA elxsi and Affle are the other top performing AI Stocks. Zensar is also equally good. Happiest mind is consolidating for more than 3 months. Tested the support at 1350 for more than 10 times which is a clear indication of consolidation. Once the breakout happens one can enter for short-term trade but for a long-term investor who is looking to gain in Tripple digit this is the right time to grab. Affle is also recommended- Recent split share has made it available at rs 1100. Happeiest minds CMP 1346 Affle CMP - 1098 Target 4k in 12-15 months
NSE:HAPPSTMNDSLong
by mahemahe1313
1