Murthy_Santhosh

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

NATIONALUM - Monthly chart.. Patter target achieved.. Profit booking could take place.. dont stay aggressively long.. trail with strict SL

Murthy_Santhosh

TORNTPHARM CMP 3205 Observations: Price broke down from a 3 months consolidation and Retesting the breakdown levels at 3290-3320 Price is trading below the Cloud on Daily TF, Future Cloud is Negative In shorter TF, it looks like a Rounding TOP formation and breakdown.. Suggesting 2800 levels (If you plot the chart on invert scale you will understand it...

Murthy_Santhosh

APOLLOHOSP - CMP 7031 Given the way it held the 7K levels in this carnage, it looks like Apollo Hospitals has an unfinished business at the higher levels for 7800-8000 levels Wave counts and Technical patterns suggests the same Rounding bottom pattern target is at 7850 levels Wave 5 regular extension target is also at 7800 levels (from 2022 lows)

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HCLTECH CMP 1757 In All likelihood, the script could potentially hit 1550-1500 levels in the coming days Observations: 1. Stock has achieved rounding bottom breakout target (900-1380-1890) and profit booking is taking place now 2. Price has been reversing from 100% fib extension from the covid lows of 375 (375-1378-877-1888.5) 3. Price had a one way rally...

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GLENMARK CMP 1640 Whether you call it breakout retest or Wave.. A touchown to 1260 is very much due.. levels are marked for 4th wave targets..

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INDIGO has completed it's 3rd wave and now retracing on it's 4th wave.. Potential targets are 3700 to 3300 levels.. This 4th looks like a double combo WXY.. and we did W and X.. Y wave should also forming be an ABC.. wait for pullbacks to short

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CHOLAFIN - CMP 1280 Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650) The correction could stretch up to 0.618 or 100% of the 4th wave lows.. Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky,...

Murthy_Santhosh

S&P 500 CMP: 5808 Looks like one final leg up is pending.. Broadening wedge in play.. Rounding bottom breakout target is at 6000+

Murthy_Santhosh

I dont think so 24K will be held this time.. the Megaphone pattern suggests something else otherwise.. We could very well go to 22800.. there will be bounces though..

Murthy_Santhosh

NATIONALUM CMP 213 I have attached the weekly chart for reference.. at 236, the price has completed wave 3 and rounding bottom target.. expect it to go sub 200 levels in this wave 4 pullback

Murthy_Santhosh

BANKNIFTY Wave counts: I think Banknifty is not done with the correction yet for this leg..49750 is the 38% retracement (minimum expected for 4th wave).. but as I have been mentioning, lately, the 4th wave minimum has been at 23-25% retracement only..Its a wait and watch game for now

Murthy_Santhosh

CHOLAFIN CMP 1403 Trendline break.. lets see if the AVWAP offers any support.. but my bias is on the downside only

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EICHERMOTORS - CMP 4680 Looks like it is headed for 4300 levels on the 4th wave down.. larger 3rd is still in play..but after the retracement..

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BHARTIARTL - CMP 1692 1. Trading below 21 EMA on DTF 2. Trading Below Baseline and Conversion Line on Cloud 3. Bullish Gartley Harmonic Pattern in play 4. 100 DEMA could be the next support, which coincides with Cloud Bottom at 1580

Murthy_Santhosh

BPCL CMP 332 lets see if this WW pattern plays out

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INDIAMART CMP 3013 The price is all set to cross 4500+ in this impulse.. Looks like it is in the 3rd of 3rd wave from 1838.. 1838 to 3335 = Wave 1 3335 to 2230 = Wave 2 and now wave 3 is unfolding from 2230 levels.. of which, we have done i and ii.. waiting for the break past 3335 for confirmation of the iiird..

Murthy_Santhosh

AUROPHARMA: CMP 1466 Price likely to go one more high towards 1620-1650 and profit booking could be seen from that level.. Chart is attached for reference