Happiest Minds Technologies Ltd is back on traders’ radar after a brief but sharp rally sent the stock above ₹670 last week, only for it to cool off just as quickly. The IT services company surged on June 17 amid strong buying in the broader tech space, but today’s price action shows bulls are losing grip. The stock is now trading around ₹618.70, a notable retreat from its recent highs.
Last week’s rally seemed fueled more by excitement around India’s broader digital growth not by anything specific to Happiest Minds. But that kind of sentiment-driven move rarely lasts long, and the latest indicators suggest the steam may already be running out.
Happiest Minds Share Price Chart Analysis
- Current price: ₹618.70
- Resistance: ₹640, then ₹670
- Support zones: ₹602, followed by ₹580
Outlook
Happiest Minds had a standout week, but without fresh catalysts or earnings upgrades, this could turn into a classic “pop and fade” setup. The Indian IT sector remains structurally strong, yet macro headwinds and stretched valuations may weigh on smaller tech names in the short term.
If the stock fails to reclaim the ₹640 zone soon, more downside testing toward ₹600 is likely. For now, traders appear to be locking in gains, and waiting for a more convincing signal before re-entering.