Murthy_Santhosh

Murthy_Santhosh

The confluence zone is 115-120 levels - Rising Trendline - Breakout Retest (Horizontal) - Fib retracement level of 0.5 to 0.618% - Deep Crab pattern completion target range As long as 113 is not breached, Price could take support beween 115-120 and resume the uptrend. I am not a SEBI registered Analyst. Views are personal and for educational purpose only....

Murthy_Santhosh

Looks like the corrective pattern C LEG is playing out within the channel. Wave counts and the subwaves counts are marked in the chart in hourly TF 200 HEMA will act as a resistance and also best zone to enter in to shorts (for a good RR set up) I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your...

Murthy_Santhosh Updated 

CMP: 2055 Price is at Falling trendline resistance - Attempting breakout Two possibilities exists in Harmonic Pattern/Structure. BAT and CRAB If it is a BAT, then price would reverse from 2100 levels If it is a CRAB, then, this move will extend and continue till 2450 levels. For this to happen, price must break above 2160 Ideally, some sort of profit...

Murthy_Santhosh

The last time (2022), when the price broke out of the 1377 range, it exactly hit the 1.618% extension at 1697 and reversed to 1250-1350 levels. This time also, it is showing reversal/topping out signs again at the 1.618% fib extension of the 1697 breakout. Also, the Rounding bottom pattern target is done on the upside. Will it go down to 1600 levels this...

Murthy_Santhosh

I have tried to place both the chart set ups in same screen.. Both had a decent rally followed by sideways consolidation Apollo Hospital Brokeout and moving high.. Next Petronet is in line.. Petronet is coming out of the falling trendline.. Good scripts for watch for Jan Series I am not a SEBI registered Analyst. Views are personal and for educational...

Murthy_Santhosh

The resilient price move on OIL & GAS Stocks on 19th December would have convinced most of us to go long on this counter since it is showing strength in a weak market. But if you look at the sector on the whole, it hasn't completed the final 5th leg down yet. The chart is self explanatory. Ideally, the price must break the low at 10340.. Projected targets are...

Murthy_Santhosh Updated 

Firstly, my positional view is BULLISH on this counter. Please refer to my earlier posts on the same script (link copied at the end of this post).. My emphasis is on Entry at a favorable risk reward price point. There is a overhead resistance (falling trendline from the top) at 350 levels... Wait for the breakout to confirm the trend reversal. Also, there is an...

Murthy_Santhosh

If you can spot the similarities, you know what to do. I will attempt a sell at 0.786% retracement level with the SL of swing high.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or...

Murthy_Santhosh Updated 

CMP: 3400 TF: 75 Minutes Script is making an ending pattern to complete the 4th wave. I hope it will bottom out around 3250-300 levels. Possible pathway is explained here in this chart. Trendline support is also around the levels mentioned above Larger TF wave counts is attached below.. Approach: Better to wait for the price to go below the lower trendline...

Murthy_Santhosh Updated 

CMP: 1516 TF: Daily and 75 Minutes from the Swing low of 712, it appears that the script has completed 3 waves so far and 4th in play. On Shorter TF, it looks like A and B are done.. C is in progress. If this plays out, the fall will be quick and strong.. on watchlist for the next couple of weeks (Dec 9 to 25) There is also a case for Inv H&S formation.....

Murthy_Santhosh

CDSL is at Fib resistance at 1985 it also appears that the 5 wave impulse from 400 levels also has come to an end or the top is around the corner. I wouldnt recommend short here.. but keep tight SL and trail. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment...

Murthy_Santhosh

CMP: 835.45 TF: Daily Price has been consolidating at/around 780-820 levels. On 18-Dec-2023, the script formed a big wide range bullish bar and picked up the momentum thereafter. I have just tried to depict/compare/corelate the moves happened around Nov-Dec 2023 vs Nov-Dec 2024 and presented the chart here. This doesn't mean or validate that same kind of...

Murthy_Santhosh

IRCTC - Can the upward momentum begin now? CMP: 835.45 TF: Daily The count marked in BLUE is the primary one. I have also tried my best to mark all the internal subwaves too. Observations: Primary 1-2-3 are done and the 4th wave almost reached the 0.618% retracement level. (Although 0.38-0.5% is the preferred limit for wave 4) However, the invalidation...

Murthy_Santhosh

CMP: 1533 Primary view/assumption is that, 3rd and 4th wave are complete and now are in the early stages of the Primary (5)th wave. Price has retraced 38% of the entire impulse from 2nd wave and now showing signs of reversal. Price is now approaching the 200 DEMA and the wide range RED bar (GAP Down Candle) at 1600 levels The smaller TF 5 waves also appears to...

Murthy_Santhosh Updated 

Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF,...

Murthy_Santhosh Updated 

CMP: 231.79 TF: 90 minutes First and foremost, my primary view is BULLISH on this counter (positional/investment) for a detailed view on the larger TF, read my analysis at Key Highlights/Positives: - Price successfully broke the swing high at 230.45 and negated the LH-LL structure. So, any pullback is a buying opportunity with the SL of 214 - Price...

Murthy_Santhosh

CMP: 722 Please don't trade FNO based on my views. ------- Although another 5-10% fall can be expected on this counter, it is too late to short now.. One can wait for the correction to end, wait for reversal signals and confirmation to go long. Watchout for the falling trendline breakout for first sign of confirmation -------------- Observations: ...

Murthy_Santhosh Updated 

CMP: 1115 The visible target is sub 900 levels.. lets see if the market acts as per the WW set up on this. I have recently published a similar IDEA on HAL