SURYODAY SMALL FIN BK LTD MB

l’altro ieri

The chart appears to be in an uptrend. This is indicated by the higher highs and higher lows throughout the chart.
Wave Identification:
* (w): This could be the initial impulse wave of a larger degree.
* (x): This is likely a corrective wave, potentially an A-B-C structure. It retraced a portion of the move in (w).
* (y): This seems to be another impulse wave, possibly the second wave of a larger degree.
* (z): This could be the beginning of a corrective wave, potentially another A-B-C structure.
MACD Indicator:
* The MACD histogram is currently positive, confirming the uptrend.
* The signal line and MACD line are crossing upwards, indicating a potential bullish crossover.
Potential Outlook:
* If the current structure holds, we could expect further upside in the (y) wave.
* A break below the low of the (x) wave could invalidate the current uptrend.
* The MACD indicator signals a potential continuation of the uptrend.