HAPPSTMNDS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.2

📈 Technical Analysis

• 📉 Chart Pattern: HAPPSTMNDS is in a short-term downtrend, forming lower highs and trading below key moving averages.
• 📉 Moving Averages: Price is below both 50-DMA (538 ₹) and 200-DMA (612 ₹), indicating bearish momentum.
• 📉 RSI (46.0): Below neutral zone, suggesting weak momentum and limited buying pressure.
• 📉 MACD (-6.72): Negative crossover, confirming bearish sentiment.
• 📉 Bollinger Bands: Price near lower band, indicating oversold conditions but no strong reversal signal yet.
• 📉 Volume Trend: Current volume (2.51L) is below 1-week average (3.87L), reflecting declining participation.

📍 Entry & Exit Zones

• ✅ Entry Zone: 500 ₹ – 515 ₹ (near recent support and psychological level)
• 🚪 Exit Zone: 545 ₹ – 560 ₹ (resistance near 50-DMA and prior swing highs)

📊 Trend Status

• 📉 Current Trend: Reversing
• ⚠️ Bias: Bearish unless RSI improves and price breaks above 50-DMA

✅ Positive

• Quarterly PAT improved from 40.5 Cr. to 56.2 Cr., showing a 31% growth.
• EPS of 12 ₹ and ROCE (13.9%) reflect decent profitability.
• FII holding increased slightly (0.06%), indicating marginal foreign investor interest.

⚠️ Limitation

• Price trading below both key moving averages — weak technical structure.
• MACD and RSI reflect bearish momentum.
• Volume below average — rally may lack conviction.
• PEG ratio (761) and high debt-to-equity (0.80) raise valuation and leverage concerns.

📉 Company Negative News

• DII holding declined by 0.37%, indicating reduced domestic institutional confidence.

📈 Company Positive News

• Strong quarterly profit growth and stable EPS support long-term potential.

🏭 Industry

• IT services and digital transformation sector remains competitive with global demand drivers.
• HAPPSTMNDS trades above industry PE (38.0 vs 29.6), reflecting premium valuation.

🧾 Conclusion

• HAPPSTMNDS is reversing with weak technical indicators despite improving earnings.
• Short-term traders may consider entries near 510 ₹ and exits near 555 ₹.
• Long-term investors should monitor technical recovery and valuation metrics before increasing exposure.