#Happstmnds 1499
Volume drying up continuously for the last 6 days with tight price range in a month long consolidation zone. Building up energy for a nice upmove. Not posted chart . Chart welcome.

#FreeTip If u r not used to any other adv strategies, just try this simple technique;
1) Mark PDL,PDH,PWH,PWL,PMH, PML.
2) Trade only at these levels based on price action. Either price will reverse at these levels or break.
3) Don’t trade at any other zone.

#FreeTip
Don’t just go by narrow cpr blindly to foresee a trending market. A wide range with open and close at the almost the same level will also have a narrow cpr. So a narrow cpr with a narrow prev day range is to be seen together.
If price hovers within cpr the whole day,..

...
it is most likely an indication of a trending day emerging in the near future.
Alternatively another way of foreseeing a possible trend day is to look for narrow Cam R3s3. Infact this does not require additional PDR confirmation .
All r probabilities; not certainties.

#FreeTip
Basic rule for day trading in option buying for beginners.
1) Stick to monthly atm options.
2) Suppose u have a capital of Rs 5 lacs. Your max risk appetite is 1% which is 5k. Assume u look at BNF chart and find a buy setup at 35000 ...

...
with a stop of 34900 ( 100 point difference). This essentially means that the 35000 atm options will have a stop of Rs 200 ( delta 0.5) assuming all other things are equal. So the number of lots U should typically deal with based on 1% Risk on 5 lacs capital ...

....
is 5000 / 200, which is 25 , ie 1 lot. If your risk appetite is 2%, then u are allowed to take 50, ie 2 lots. Hence if option price is say, Rs 400, ur stop will be 200 and u have to deal with one lot which means your deployment is 25 x 400 = Rs 10,000....

...
On the contrary if you deploy the full amount, 500000/(25x400) = 1250 , 50 lots, u r bound to lose the capital at the shortest possible time.
3) This might appear ridiculous, but this is the only way to go steady with control over risk.

Option stop difference is Rs 50 and not Rs 200 as mentioned. Simple calculation overlooked. Accordingly number of lots will increase . However concept remains unchanged.

#FreeTip If 1-2 days before earnings if you observe a otherwise nice uptrending that passes trend template criteria, down 3-5% with low volume (5-10 day low), it is most likely retail panic selling before results and chance of upmove increases .

Happiest mind utha lo 780 cmp

Sl 715 closing
Target phle jaega 860 fir 950- 1000

Note it 😇✌️

#HAPPSTMNDS

#INTRADAY

Above trend line will be ABC Bullish .

Cluster for 1405 if price goes above 1244

#HAPPSTMNDS - HAPPSTMNDS Bullish Buy tip Trend - TradingView -

Near trendline resistance

Short term profit booking zone

#Happiest

Happiest Minds FY21 Annual Report Takeaways.

'Investing in next-generation digital technologies like Blockchain, Robotics & Drones, and VR/AR.'

Hit the 'retweet' & help us educate more investors.

A Thread 🧵👇

1/ Happiest Minds completes its 10 years of business: They have 13Kcrs in just a short span of time 🤯

Starts with the COVID 2.0 impact on the company: 8% of the team was tested +ve by 17th May, 26% of which were hospitalized.

Led to the terrible loss of 5 young men.

2/ Coming to the wins:

- Employee culture has been the biggest investment as per the chairman Mr. Ashok Soota
- Customer retention: One CFO has been a customer with the 3 companies he worked with ( Power of 💪relationships)
- Invested in all new technologies including next gen.

3/ Did you know? IP-led services (High margin & High operating leverage) account for 10% of their revenues.

Restructured the three business units (PES, DBS, IMSS) such that each caters to their specific high potential industries 🚀

4/ Talks about their Vision 2021-2031: How most businesses survive less than a half-lifetime of humans

This wouldn't be the case for Happiest minds as it is being 'designed for perpetuity': addressed succession risks

Guidance: 20% organic growth+ Lower PAT due to higher tax