Murthy_Santhosh

Murthy_Santhosh Updated 

Please refer to my previous analysis on CYIENT for a detailed understanding/review. For now, Price is trading below 200 DEMA . A bounce/rebound attempt after the GAP filling has fizzled out and the price is trading lower. I wouldn't consider any longs until and unless we successfully trade above the 200 DEMA. As mentioned in my previous post, the rise was...

Murthy_Santhosh Updated 

Chat markings are self explanatory.. but here is the brief summary anyways. On hourly TF, the price has successfully trading above the 200 period EMA. In the previous instances, when it traded above 200 HEMA, it moved about 10%. Based on the past pattern/price action, a retest of 200HEMA cant be ruled out (around 1550 levels) Also, POCs of the previous sessions...

Murthy_Santhosh Updated 

The script is following 3 wave down structure from the top. A and B looks complete. In C leg down, price has completed i,ii, and iii waves; ivth in play. This ivth wave could terminate anywhere between 34700-35200. If the price breaks above 35500, then this view becomes invalid. AB=BC target is at 30900 We could soon get a good LRHR opportunity on this...

Murthy_Santhosh Updated 

My detailed analysis on the script on weekly TF can be found here. For now, looks like the first leg of correction will end at around 190 zones.. Reasons are explained well in the chart; but here is the brief Harmonic pattern target 200 DEMA Trendline The probable future path is depicted below.. remember, the B wave could very well go past 263 too.. for now,...

Murthy_Santhosh Updated 

Talk of the town now is the OIL & Gas Sector.. My counts and probable path are highlighted the chart. primary view is that price could move up to 11500-700 levels in wave 4 and face resistance there.. Possible Reasons/Rationale are Cloud Top 200 DEMA 50% retracement of the fall from 2nd wave Trendline resistance from the top Chart: Alternative view is...

Murthy_Santhosh Updated 

CMP: 291.95 TF: Daily Primary view: The impulse from 18.67 to 340.50 seem to got over to complete the primary 3rd wave. And the price is pulling back on the 4th. Of which, 1st leg of correction is complete followed by a corrective rise and getting ready for the next leg of downmove. 4th wave expected levels are 220-180 (38% and 50% retracement...

Murthy_Santhosh Updated 

CMP: 1594 1616 was the low of the wide range bar formed on 2nd Dec. Price closed below that yesterday and the attempt to regain has failed in the first hour today. On EW counts, looks like WXY is in play for now. And the Y wave will have to go below 1500 to complete the pattern. On Indicators :- Price is Trading below Cloud Price is Trading below 200...

Murthy_Santhosh Updated 

Midcap Index: Price was rejecting from 1.618% fib extension.. looks to have completed 3 waves and is now in corrective 4th. Probable path for the future price action is depicted here.. this is illustrative only as I believe that this can be a WXY correction.. or even wxyxz.. but we will come to know once the price unfolds.. I am not a SEBI registered Analyst....

Murthy_Santhosh Updated 

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 

Chart is self explanatory Each time when the price is trading below 1765 levels, these sellers pushed it deep down. Target area being 1670, 1620 and 1600.. Lets see how strong this seller is this time I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions....

Murthy_Santhosh Updated 

This view is just for the very short term.. this pullback may get over at around 780-800. Too late to enter shorts now.. Will post counts on DAILY and weekly TF later in the week 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...

Murthy_Santhosh Updated 

Rationale: Primary 3rd wave seem to have ended at 5035 (charts with counts are attached); and from there on, I could see 3 wave down from the top and a three wave rise from the bottom. Hence, the move appears to be corrective. Price is getting rejected at the supply zone of 4700-4800. And I consider this a X or B terminating the upmove. If the seller at 4700 is...

Murthy_Santhosh Updated 

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 Updated 

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 

Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein. Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump. Larger TF counts are copied below. Weekly: Daily (from primary 4th wave) Even now,...

Murthy_Santhosh Updated 

CMP: 3095 While combining EW with technical patterns, the general guideline is that Wave 3 must breakout above the 0-1-2 channel Wave 4 must take support at the 0-1-2 channel top or at the midpoint In this chart, price complied both the technical requirements for wave 3 (breakout and runaway).. and then retest the channel top to complete the 4th. More details...

Murthy_Santhosh Updated 

CMP: 865 Price made 5 wave impulse from 744 to 880+ and is showing signs of profit booking. If this view to play out, we are expecting a dip towards 830 and 800 (50& to 61.8% fib levels respectively). Remember, this is going to be a ABC corretion, so wait for the A and B to play out for confirmation and then take the C leg down trade.. Or else, wait for the...

Murthy_Santhosh Updated 

Which GAP will be filled first? For now, price did an ABC corrective rise to resist at 100% extension.