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CA Omkar Bhutada - SEBI Reg IA

9th Jun 2025 · SEBI-Registered Analyst

Multi-Signal Bullish Setup on Fundamentally Strong Tech Stock!

HAPPSTMNDS
📈 Technical + Fundamental Breakdown 🔹 MACD Bullish Divergence Price made a lower low, but MACD formed a higher low — classic bullish divergence signaling a potential reversal. 🔹 Elliott Wave Correction Structure The price appears to have completed a complex ABC corrective pattern, and current momentum hints at a possible start of a new impulsive wave. 🔹 AVWAP Support Zone Price recently respected the long-term AVWAP from listing lows, acting as a strong dynamic support level. 🔹 Fundamental Strength ✅ High ROCE ✅ Healthy revenue & profit growth ✅ Scalable IT business model with digital transformation focus 💡 Conclusion: With both momentum reversal (MACD) and structural bottoming (Elliott + AVWAP) aligning, this stock may be preparing for a medium- to long-term uptrend. 📚 Great candidate for watchlist and deeper research for positional trades.

#WatchOutFor#TechnicalViews#FundamentalViews#TrendingSectors#EquityResearch
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