The stock was seen rising in an impulsive 'wave I' structure between March-Aug 2023.
Wave II happened between Aug-Nov and wave II managed to retrace 50% of wave I.
In the past 2.5 months, the stock displayed a minor wave i of wave III and a retracement of the same in the form of minor wave ii.
The stock now looks all geared up to move up and cover the remaining...
BREAKOUT STOCK #Hindware
Daily ADX = 59.90
OBV Breakout
CMO 74.64
Volume spike extra ordinary
price broken out resistance of 485, now this level will act as support.
(This thread is not a buy recommendation it is just an educational analysis)
Hindware Home Innovation Ltd. is a company which offers products in the sector of domestic appliances like air purifier and coolers, water purifier, water heaters, kitchen appliances and furniture, and many more. Its CMP is 377.95. Negatives are such that they have declining quarterly net profits and decline in net cash flow. Positives are followed by FII’s...
