HAPPSTMNDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | HAPPSTMNDS | Market Cap | 5,764 Cr. | Current Price | 378 ₹ | High / Low | 675 ₹ |
| Stock P/E | 28.6 | Book Value | 102 ₹ | Dividend Yield | 1.58 % | ROCE | 13.9 % |
| ROE | 12.3 % | Face Value | 2.00 ₹ | DMA 50 | 378 ₹ | DMA 200 | 455 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | -0.63 % | PAT Qtr | 25.4 Cr. | PAT Prev Qtr | 56.2 Cr. |
| RSI | 54.0 | MACD | -1.15 | Volume | 5,66,303 | Avg Vol 1Wk | 4,25,381 |
| Low price | 305 ₹ | High price | 675 ₹ | PEG Ratio | 572 | Debt to equity | 0.80 |
| 52w Index | 19.8 % | Qtr Profit Var | -26.1 % | EPS | 11.1 ₹ | Industry PE | 21.0 |
📈 Chart Patterns: HAPPSTMNDS is trading near its support zone (₹370–₹378). The broader structure shows weakness with lower highs, capped by resistance at ₹455 (DMA 200).
📊 Moving Averages: Current price (₹378) is at DMA 50 (₹378) but below DMA 200 (₹455), indicating consolidation with bearish undertone.
📉 RSI: At 54.0, RSI is neutral, suggesting balanced momentum without strong bullish signals.
📉 MACD: Negative at -1.15, showing bearish crossover and weak momentum.
📉 Bollinger Bands: Price is near the mid-band, reflecting sideways consolidation.
📊 Volume Trends: Current volume (5.66L) is above average weekly volume (4.25L), showing increased participation but not strong buying conviction.
⚡ Short-Term Momentum Signals: Neutral-to-bearish momentum; rebound possible only if price sustains above ₹400 with volume support.
🎯 Entry Zone: ₹360–₹378 (support region).
🎯 Exit Zone: ₹420–₹455 (resistance zone).
🔀 Trend Status: Consolidating with bearish bias; reversal possible only if price sustains above ₹455.
Positive
- Strong ROCE (13.9%) and ROE (12.3%) highlight efficient capital usage.
- Dividend yield of 1.58% provides steady income.
- FII holdings increased slightly (+0.05%), showing marginal foreign investor confidence.
Limitation
- Price trading below DMA 200 signals weakness.
- High PEG ratio (572) suggests overvaluation relative to growth.
- Debt-to-equity ratio of 0.80 adds financial risk.
Company Negative News
- Quarterly PAT declined from ₹56.2 Cr. to ₹25.4 Cr. (-26.1%).
- DII holdings decreased (-0.63%), showing reduced domestic investor confidence.
- Weak technical setup with MACD in negative territory.
Company Positive News
- EPS at ₹11.1 remains stable compared to peers.
- Dividend yield supports long-term investors.
- Volume participation increased compared to weekly average.
Industry
- Industry PE at 21.0 vs. HAPPSTMNDS PE at 28.6 indicates premium valuation.
- IT services sector faces global demand challenges but benefits from digital transformation trends.
Conclusion
HAPPSTMNDS is consolidating with bearish undertones. Short-term traders may consider entry around ₹360–₹378 with exit near ₹420–₹455. Long-term investors should monitor earnings stability and sector demand before fresh accumulation.
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