Happiest Minds Trend Analysis
Headquartered 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!!
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!!
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