HAPPIEST MINDS
Chart Structure:
- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
Volume:
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there was a delivery of 7.30 lac shares
- By looking at Volume bars, the supply looks exhausted.
Relative Strength:
- Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M
- Stock is also outperforming Midcap Index.
- Spread Chart breakout happened today.
Financials:
- In Q1, sales grew by 11% QoQ & 30% YoY
- PBT growth was -2% QoQ & 46% YoY
- PAT growth stood at -5% QoQ & -29% YoY
Other Positive Highlights:
- At CMP, the stock is offering excellent RR.
- Given the sectoral tailwind, the stock is also expected to perform well.
Good stock to study & keep an eye upon.
Chart Structure:
- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
Volume:
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there was a delivery of 7.30 lac shares
- By looking at Volume bars, the supply looks exhausted.
Relative Strength:
- Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M
- Stock is also outperforming Midcap Index.
- Spread Chart breakout happened today.
Financials:
- In Q1, sales grew by 11% QoQ & 30% YoY
- PBT growth was -2% QoQ & 46% YoY
- PAT growth stood at -5% QoQ & -29% YoY
Other Positive Highlights:
- At CMP, the stock is offering excellent RR.
- Given the sectoral tailwind, the stock is also expected to perform well.
Good stock to study & keep an eye upon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.