Murthy_Santhosh

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

Murthy_Santhosh Updated 

For the last two times, it broke above the wedge and fell down. looks like it is sustaining at the third attempt.. wait for the breakout above the recent 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.

Murthy_Santhosh Updated 

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

Murthy_Santhosh Updated 

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

CMP: 683 200 Period EMA on hourly and AVWAP from the TOP are acting as resistance on this counter now. A close above both on hourly with a follow-up/confirmation candle for one more hour (close above 690-700) will trigger further thrust to hit 750-770 levels.. On watchlist now. Awaiting breakout and retest. I am not a SEBI registered Analyst. Views are...

Murthy_Santhosh Updated 

CMP: 675 TF: Daily 200 DEMA is offering good base/support. triangle Breakout target and channel top are possible targets on the upside. A low risk entry opportunity. SL can be close below 660 on Daily TF. 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

CMP: 974 Please note that price is in support zone, so volatility is expected.. So, please dont consider this view for trading F&O Primary and Internal wave counts are marked in the chart on daily and weekly TF. Price is still in primary 3rd wave and the iv of 3 is in progress now. Price has bounced from 933, which meets the 38% retracement criteria for 4th...

Murthy_Santhosh Updated 

NIFTY is sandwiched between the AVWAP from the SWING HIGH and SWING LOW.. Bulls will say we will breakout and runaway with a GAP BEARs will say, resistance is too strong and rejection will take place here.. We will Gap Down and move lower.. Being retailers, it is wise to stay out.. wait and watch for the price to give us confirmation. I am not a SEBI...

Murthy_Santhosh

CMP: 7193 On hourly TF, Bearish Crab Harmonic pattern is activated by breaking the swing high at 7150 levels. If this pattern has to mature, then, it will have to make a run towards 8100 levels (1.618% of the XA leg) As per this pattern, the ideal trade set up scenario is that, ONE SHOULD WAIT FOR THE PRZ (POTENTIAL REVERSAL ZONE) and initiate the trade in the...

Murthy_Santhosh

TF: Hourly I have shared another chart on daily TF at the following link for POSITIONAL INVESTMENT purposes.. This post is for those who are trying to chase the price at the highs.. On the short term, the DEEP CRAB Pattern is in play and the PRZ is at 5440.. Price could overshoot a bit, but 1.618 of the XA leg is the ideal PRZ.. Price is expected to...

Murthy_Santhosh Updated 

CMP: 5117 TF: Daily Waves, Rounding bottom pattern, Wedge breakout retest, everything is pointing a move towards 6000.. Trade wisely 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

A Textbook pattern of Inv H&S shoulder pattern is visible.. Mostly this structure is doing the rounds everywhere and mine is no different.. On the wave counts too, it fulfills are the criterial to have commenced the 5th wave up. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for...

Murthy_Santhosh Updated 

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 Updated 

Script: RECLTD CMP: 491 TF:90 Minutes With today's move, RECLTD has done the following: - Broken down from the Symmetrical Triangle - Pattern target is 85 points - Broken the 200 DEMA decisively after multiple attempts - Closed below 500 (multiple attempts to close below 500 have failed in the past) - Broken 484 support - Trading below 20 WEMA for several...

Murthy_Santhosh

CMP: 6920 TF: Daily The current impulse from 2917.85 is on the fag end of the 5th move, and it could end/terminate anytime. Divergence seen on daily, although another 5-10% move on the upside cant be ruled out.. But be sure if you want to chase the price at this level just because of the latest price action moves. Just so can see, larger degree 5th is also in...

Murthy_Santhosh

On Weekly, script has successfully closed above the ATH zone 495 (2010) Price tried to break this zone twice in the recent months, but didn't sustain.. Usually that is the case with ATH breakouts or any breakout for that matter. It is not the first breakout that matters.. Most of than not, the second/third attempts are stronger. If we manage to close above 500...

Murthy_Santhosh Updated 

Please note that we are looking at a meaning pullback only and not a trend reversal. Since this is 4th wave on larger degree and fell one way down, expecting complex correction pattern to play out on this counter over the next few weeks. CMP: 783 TF: Daily The impulse move from 63.5 has been halted at 1179 to complete the 3rd wave so far. Stock has retraced...