Murthy_Santhosh

Murthy_Santhosh

CMP: 25990 TF: 30 minutes I have plotted fib for the entire fall from 26277 to 21743 and the fib levels are marked herein. As you can see, the price has been trading within Each Fib levels (taking support and resistance) and then moved up on to the next level. The recent breakout of the important 61.8% level is of great significance and the price managed to...

Murthy_Santhosh Updated 

Jiofin pattern target/PRZ is at 290.. CMP is around 260 A good set up for May Series.. 200 DEMA is also around 290.. a good candidate to ride the upmove for now.

Murthy_Santhosh Updated 

The Shark pattern suggests 470 levels. Price is bouncing off from 0.618% fib level. Price action wise, it signifies double bottom breakout Trading well above 50 DEMA comfortably. Can potentially target 200 DEMA and AVWAP from the highs Daily close above 412-420 could give us further confirmation for this view. Disclaimer: I am not a SEBI registered Analyst...

Murthy_Santhosh Updated 

As per the EW counts, I believe that the 4th has ended now and the script is in it's early stages of the 5th wave up. Here is the count on larger TF period For this series, as per the harmonic pattern, 770 looks very much possible. Lets track. Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for...

Murthy_Santhosh Updated 

CMP: 1653 TF: Daily On the daily TF, it looks to have completed the 4th wave and moving up (3rd of 5th) Price is trading well above the falling AVWAP from the top Price is trading inside the cloud, breakout confirmation above 1700 Price made a strong base at 1580-1600 and now trying to breakout from the consolidation The only concern is that, the fall from...

Murthy_Santhosh Updated 

I am bullish on this counter, but I believe one final dip to 3100 odd levels is due here.. As per the harmonic pattern, 3600 is very much on the cards, but the ghost feed suggests that 3100 (also happens to be 50 DEMA retest) could be tested (and remove weak hands) Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal...

Murthy_Santhosh

TF: Daily CMP: 2016 Stock looks ready to go down in the C leg of the larger 4th. View negates a strong close above 2150 (Daily) But the harmonic patterns and the wave counts, even the price struggling at this zone of 2000-2100 everything suggests that the upmove is capped on this counter for now. Bargain buy at 1700 or lower is a good deal to...

Murthy_Santhosh

As per the EW counts, the upmove isnt over yet. One more leg up is due on this counter. The correction could end anywhere between 2060 and 1990 (38%-50%) for the 4th wave. For now, it looks to take support at the 38% mark from the 2nd wave, and moving up. The level of 2060 seems to offer good support 50 DEMA Cloud Supertrend Not a place to short Disclaimer: I...

Murthy_Santhosh

The Shark pattern PRZ is placed at 3180-200 levels. Expecting the price to sell off from there. A minimum of 50-60% of the CD leg could be the level to expect on this counter in the coming days.. Not a place to go long

Murthy_Santhosh Updated 

5 wave impulse is over.. and it is time to go down for a meaningful retracement.. Dont be a blind bull

Murthy_Santhosh Updated 

CMP: 1075 TF: Daily Price has broken the LH LL Structure at 1075 Bearish BAT Harmonic Pattern in play Price is Trading above all key EMAs Price is trading well above Cloud and ST Price is trading at the upper end of the BB 3rd of 5th wave in play. Usually, once the Swing high is broken (change in structure/trend), there will be a meaningful pullback.. I am...

Murthy_Santhosh

The internal counts are marked on 15 minutes TF. Expecting a meaningful dip of 50%-61% of this entire move in an ABC correction.. that would be 23200-22800 Lets see if this works out.. Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for...

Murthy_Santhosh Updated 

Not the best time to go long on this counter yet.. expecting one push towards 60-58 levels.. if it breaks below the recent swing low, then it could head towards sub 50 levels too.. but for now, 60 looks imminent

Murthy_Santhosh

Between 3500-3550, TCS could face strong resistance on multiple fronts and they are listed below. Daily SuperTrend GAP Zone 50 DEMA at 3540 (retesting it after a long time, expect a rejection) Fib retracement of 61.8% of the recent swing Avwap from the recent swing (at 3530) 100% (abc pullback) from the swing low (at 1498) Daily chart with Harmonic pattern,...

Murthy_Santhosh Updated 

Nifty Futures: CMP:24380 TF: 15 minutes The Harmonic pattern suggests that the price could head towards 24800+ The internal counts suggests that one more leg on the upside is due.. keeping a close watch/trailing for the long set up

Murthy_Santhosh

The EW counts and patterns suggests that price is headed higher, maybe for new ATH to 1000 or more.. Detailed count is here.. for now, as per the Inv H&S pattern, 880+ looks very much possible on the cards.. Awaiting breakout at the falling trendline from the top for further confirmation Counts on larger TF Disclaimer: I am not a SEBI registered Analyst and...

Murthy_Santhosh Updated 

Everything is explained within the chart.. Self explanatory.. This is just an hypothesis, maybe a crazy idea/view from someone with long bias on this script.. Nevertheless, In my humble opinion, it is definitely not a place to short at this juncture. On the wave counts, price is at 50% retracement level, ideal for the 4th wave termination.. as long as 196 is...

Murthy_Santhosh

Indigo PRZ is around 5800 levels. Expecting a good pullback (below 5K) once it reaches the PRZ. Not a place to go long at this price.. Waiting for the pattern to mature and reversal signs along with confirmation to initiate the trade.. Trading is 80% waiting :) Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal...