Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 9th Jun 2025
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.