Murthy_Santhosh

Murthy_Santhosh

DRREDDY CMP 6754 Harmonic Pattern and the wave counts pointing towards 7K

Murthy_Santhosh

APOLLOHOSP CMP 6989.. If we consider counts from May'22 lows, the 5 waves seems to have ended.. The minimum expected target of Wave 1 = wave 5 has already been met at 7220 levels.. Extended target is placed at 7800+.. Since the overall market is going down, this too looks poised to go down.. but Price action in the coming days will confirm the direction.. either...

Murthy_Santhosh

Bharat Forge CMP: 1471 4th Wave is in progress.. Expected targets are 1340 and 1200 (38 and 50% retracement levels)..

Murthy_Santhosh

BAJAJ_AUTO.. Perfect example of the word THROWOVER move in trading community.. If anyone wants to understand how deceptive and brutal technicals can be.. Bajaj Auto is the real example.. Too late to catch.. and we are too afraid to short at the top either..

Murthy_Santhosh

DRREDDY CMP 6715 TF 75 minutes.. The stock as moved well from June 2024 lows.. Currently 5th wave up is in progress, and it seem to have completed 1 and 2 of 5th.. third underway.. Wave 5 targets are 7035 (Wave 1 = wave 5) and extended target is placed at 7400.. either case, we have a decent 200-300 points upmove on the cards on this script

Murthy_Santhosh

RELIANCE: CMP 2688 - Here is the wave count on weekly and daily TF for Reliance.. we are almost at the end of the correction and bulls will take chart soon..2620 will be held.. maybe a shakeout of 10-20 points.. but overall, between now and 2600, this will be a great risk reward set up.

Murthy_Santhosh

We are almost at the fag end of the 3rd wave (Primary counts in blue).. 740-750 zone is the 1.618 extension target for the 3rd wave from covid lows.. BUT, on daily, if you look at sub-division of the primary 3rd, the 5th wave (of 3rd) targets are 660 and 720.. we are already making a double top at 720 and facing multiple rejections at 720 levels.. Plus, the ending...