HAPPSTMNDS - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 HAPPSTMNDS Technical Analysis Summary
Technical Rating: 3.4
Happiest Minds Technologies is showing signs of neutral-to-weak momentum, with a potential for short-term consolidation. Here's a detailed breakdown
📉 Trend & Momentum Indicators
Price Action: Trading at ₹619, below both 50 DMA (₹623) and 200 DMA (₹670), indicating mild bearish pressure.
RSI (47.6): Neutral zone — no strong momentum either way.
MACD (-4.16): Bearish crossover, suggesting downward bias.
Volume: Spiked significantly above weekly average, which may indicate institutional activity or short-term volatility.
📈 Support & Resistance Zones
Level Price (₹) Strength
Support 600 Moderate
519 Strong
Resistance 623 (50 DMA) Moderate
670 (200 DMA) Strong
Entry Zone: ₹600–610 (if price stabilizes and RSI holds above 45)
Exit Zone: ₹640–660 (near resistance and trendline ceiling)
📊 Bollinger Bands & Volatility
Price is near the lower Bollinger Band, hinting at oversold conditions.
Volatility is elevated due to volume surge — expect sharp intraday swings.
🔄 Market Phase
Current Phase: Consolidating with a slight bearish tilt.
Watch for RSI crossing above 50 and MACD flattening for early reversal signals.
🧠 Final Thoughts
HAPPSTMNDS is in a wait-and-watch zone. Traders may consider a cautious entry near ₹600 with a stop-loss below ₹590. A breakout above ₹623 with volume confirmation could signal a short-term rally.
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