Things changing for this counter
Happiest Mind CMP 804
The extreme indicator on the right bottom has something very imp. When the extreme high is touched for the second time, its an indication that an imp top is formed. The stock halved from the highs.
Fib - the stock is at 61.8% fib retracement. Hence the trend is intact.
Elliott- In my view the correction is done and the current correction is a deep wave 2. Hence from here the strong wave 3 should start.
RSI- Till now the stock was oscillating in the bear zone. In the current dip the oscillator has halted in the bull zone of 40. This is an early indication of a change in trend. The composite is too at support.
Volume- I will want some pickup in volume activity which will further confirm my view point.
MA - The stock sustaining above the averages will be an early indication of things changing . Second the RSI will reach the bull zone during this rally. Third the volume activity will increase.
The extreme indicator on the right bottom has something very imp. When the extreme high is touched for the second time, its an indication that an imp top is formed. The stock halved from the highs.
Fib - the stock is at 61.8% fib retracement. Hence the trend is intact.
Elliott- In my view the correction is done and the current correction is a deep wave 2. Hence from here the strong wave 3 should start.
RSI- Till now the stock was oscillating in the bear zone. In the current dip the oscillator has halted in the bull zone of 40. This is an early indication of a change in trend. The composite is too at support.
Volume- I will want some pickup in volume activity which will further confirm my view point.
MA - The stock sustaining above the averages will be an early indication of things changing . Second the RSI will reach the bull zone during this rally. Third the volume activity will increase.
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