Murthy_Santhosh

Murthy_Santhosh Updated 

GIFTNIFTY CMP: 23520 TF: 15 minutes Bullish Crab Harmonic Pattern is observed on this counter in 15 minutes TF Whether it is going to stay a regular CRAB or DEEP Crab is based on how it reacts at the 23430 and 23380 levels. Regular CRAB is marked in Red and the other one is DEEP (in BLUE) The regular will end at 0.886% at 23430 retracement level of the entire...

Murthy_Santhosh

Motherson: CMP 164.5 in Shorter TF, the script has completed the extended target for the CRAB pattern. The XABCD legs achieved their targets and the price is bouncing from the PRZ zone of 1.618 extension of the XA leg (on the downside). Potential targets are a minimum of 38% and 50% retracement of the CD leg, that would be 180 and 187 respectively. SL for this...

Murthy_Santhosh

CMP - 2508 TF: daily 5 wave impulse from June'22 lows (1271) has ended at 2877.75. The Zone for the 5th wave termination was between 2731 to 2923 Internal counts are highlighted/mentioned in the chart for easy understanding. Upon completion of the 5 wave impulse, price came down in single leg about 380 points. We can consider this as wave A and then a...

Murthy_Santhosh

GOLD (USD) - CMP $2630 TF: 90 Minutes After a 5 wave decline, price has moved up in a corrective bounce. And now getting halted/rejected at the 200 Period EMA which is also the previous support zone (now turning to be Resistance) I was hoping for it to test the AVWAP from the highs $2660 (which is also about 50% retracement of this entire fall) Even if Gold...

Murthy_Santhosh

HAL - CMP 4048 TF: 90 minutes Looks like the first leg of correction (A) is almost done in a 5 wave structure. Internal counts are marked Diagonal is visible at the end of this sideways correction/consolidation Price is still holding the June 4th lows. Looking at the sideways correction on weekly TF (see below), looks like the price cant fall one way down,...

Murthy_Santhosh

NIFTY CMP: 23720 Internal counts are attached. Final 5th on the downside is not done yet and we could go down once again below 23300 (possibly 22800-23000) The upmove has halted below 23800, previous support zone turns resistance.. and between 0.38 and 0.5 retracement of the fall from 24337 to 23350. Long view only if it breaks 23900-24K

Murthy_Santhosh

SUNPHARMA - CMP 1747 It appears that a 5 wave impulse from Covid lows (312) has ended at 1960 Primary and internal counts are marked in the chart If it is too early to predict/expect a larger retracement of the entire move, lets take one step at a time and look for the price action from May'23 lows.. The 5 wave impulse from 922 to 1960. Even here, the 5 waves...

Murthy_Santhosh Updated 

Gold is reversing from the lows and forming Bearish BAT or Butterfly pattern. Minimum expected is 2610 (BAT) .. confirmation is break above the recent swing high

Murthy_Santhosh Updated 

INFY - CMP 1864 I see multiple signals for shorting this script. 1. The 5 wave seems to have ended at 1991.45 from April 2023 low of 1185.3. 1.1. After the 5 wave impulse rise, the price has completed one impulse wave down for A wave on the downside (this to had 5 waves on the downside).. and a FAST rise to 0.618% to complete the B wave.. Now, I am EXPECTING...

Murthy_Santhosh Updated 

Gold seems to have completed the Rounding bottom pattern target on the upside.. Profit booking could be seen.. trail with strict SL

Murthy_Santhosh Updated 

I have already shared GOLD US chart with counts and levels.. This is GOLD MCX.. classic H&S Breakdown in play..

Murthy_Santhosh

GOLD 4 hr chat = CMP 2557 Price fell one way from 2800 to 2550 levels now.. Price is currently almost at the support/halt/confluence zone FIB levels at between 50 and 60% Previous consolidation resistance at 2530 ( now turns support) AVWAP from the lows are now placed at 2537 If short, it is better to book out and wait for a bounce.. But Fresh shorts are not...

Murthy_Santhosh

LALPATHLAB - CMP 2957 Price had a one way rally in it's primary 3rd wave from 1945 to 3650 And it is falling at the same speed. Price convincingly broke the consolidation at the 30% fib around 3000 levels and trading below the same. 50% retracement is at 2800 and AVWAP from the lows is at 2840 2750-2850 is the breakout retest zone. Between the next 100-200...

Murthy_Santhosh

Reliance: CMP 1250 The 5 wave impulse from March 2023 lows at 990 level got ended at 1610 levels and price was falling since then. Price has achieved the extended target of 1.68% at 1249 and halted. Also retraced the entire move by 50% Price is also at the confluence zone of previous resistance. If the price action supports, Price should start a fresh impulse...

Murthy_Santhosh Updated 

HAVELLS: CMP 1610 4th Wave has ended at 1590 On Houly and Daily it has made Double bottom at 1590 and that could be the strong and LOW RISK SL for longs Keep in Watchlist and wait for price action confirmation on hourly to break above the swing HIGH.

Murthy_Santhosh Updated 

OBEROIRLTY - CMP 2032 Looks like the 5 wave impulse from 300 levels (Covid lows) is getting over now. The Primary and subwave counts are marked in the chart.. Dont fall for the trap of MSCI inflow etc., Profit booking could take place anytime Views are for educational purpose only. Consult your financial advisor before taking any trade

Murthy_Santhosh

NIFTY CMP: 23720 - HOURLY CHART attached Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line. Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now) Wait for the price action to mature.. Not a place to go long or short at this level If...

Murthy_Santhosh

PIIND: CMP 4570 It appears that the TOP is done.. 5 wave impulse from 2014 lows of 130 levels seems to be over now.. Chart is attached with counts for easy understanding. On daily, diagonal is visible.. MACD crossover seen on Weekly TF with Double top/Divergence On daily, Harmonic Pattern could potentially play out as copied below.. Views are personal...