Murthy_Santhosh

Murthy_Santhosh

Price is bouncing off from the confluence zone and also 200 DMA. Keep in your watchlist for investment purposes

Murthy_Santhosh

Shorter TF, Nifty has one more leg on the upside to complete. For the expiry today (5th Dec), it could play/consolidate within the Triangle to complete the (iv)th and might move up from tomorrow onwards. Always try to take trades at extreme ends to make sure that your risk is very limited.. I am not a SEBI registered Analyst. Views are personal and for...

Murthy_Santhosh

TATACONSUM - CMP 960 Wave counts are updated in the chart (including internals) Observations: ABC correction seems complete and the price is ready to go higher Price is bouncing off from long term trendline Price has almost retraced to 0.618 fib level from Feb'22 lows and bouncing OI data suggests strong accumulation is being done at the low/base I...

Murthy_Santhosh Updated 

JIOFIN - End of Wave 4 - Ready for new ATH It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave. The corrective wave ABC seems to have ended now and the internals of the entire move is also marked It is a low risk set up (5% risk if SL is placed at 300) and the reward would...

Murthy_Santhosh Updated 

CMP: 3.4100 TF: 4 hour Looks like a 5 wave impulse from the lows at 1.9150 has come to an end. The final leg (5th), seem to be incomplete though (if you consider marking 1-5); but that mostly looks like an abcde with e giving a throw over move spike. Risk reward for longs is not good. Also, Bullish BAT/CRAB formation seen on hourly TF. It is still at initial...

Murthy_Santhosh Updated 

CMP: 9040 TF: 90 Minutes I have marked the internals of this impulse wave down and the 5 wave down-move seems complete. Diagonal is visible Triple Divergence (Positive at the bottom) is seen Multiple inside bars at the lows signifies absorption. This is Trading view for the next few days.. Positionally, the bounce (if any), should see next round of selling....

Murthy_Santhosh

CMP: 1004 Broke out of the trendline. Going up on the 2nd bounce.. whether this is a 3rd wave or C wave we will get to know once it goes past 1030 mark.. for now, it looks like a long set up with low risk

Murthy_Santhosh Updated 

CMP: 352 TF: Daily The impulse from 191 is still on and the final 5th is in play now. Internal counts are marked in the chart. It has completed Minor 4 and also 5.1 and 5.2 as well. This impulse started from 303 (Oct 31st) could potentially go up to 420-450 levels, and possibly fill the GAP at that zone as well. Although it gave a technical breakout above...

Murthy_Santhosh Updated 

Reliance: CMP 1250 The 5 wave impulse from March 2023 lows at 990 level got ended at 1610 levels and price was falling since then. Price has achieved the extended target of 1.68% at 1249 and halted. Also retraced the entire move by 50% Price is also at the confluence zone of previous resistance. If the price action supports, Price should start a fresh impulse...

Murthy_Santhosh

PREMIERENE - Premier Energies Ltd TF: 75 Minutes Recently listed, not much data/candles; hence, the analysis could be premature/too early to decide/confirm. But the chart pattern is too good to miss. Friday's last hour candle had a good volume Price has broken the falling trendline from the top.. Awaiting breakout above 1270 for further confirmation. Whether...

Murthy_Santhosh

CMP: 1014 TF: Weekly I tried my level best to mark all the possible internal counts for better understanding.. I have marked ONLY the IMPULSE counts and not the corrective ones.. It will be clumsy and difficult to read if I add everything to the chart. Wave count suggests that the stock is in the Third of it's final 5th wave up. Usually, 3rd waves are great...

Murthy_Santhosh

CMP: 1640 TF: Weekly Observations: Price is closer to the 1.618% fib extension for the 3rd wave on weekly. In the subwaves, either it has completed the v or one more high/equal high is possible after a brief correction.. in either case, I think the top is done on CDSL in shorter TF, Whether it breaks out of the channel and go on to hit the channel top at...

Murthy_Santhosh

On Weekly, The price is trading in a channel/range and looks like it is headed towards the bottom of the channel On daily, price is displaying corrective structure ABC. My view: Although it looks like taking support at the trendline on daily, it coud potentially break and go down below. I am not a SEBI registered Analyst. Views are personal and for...

Murthy_Santhosh

CMP: 252.5 TF: Daily Observations: - Price has broken Swing low at 224 and bouncing up in three wave structure - Price is trading below the rising channel/trendline - Price has negated the LH-LL structure by breaking the 249.2 high.. but the larger LH is still intact at 290 levels - UNFILLED GAP at 236 - Price has just reclaimed 200 DEMA - Price is...

Murthy_Santhosh Updated 

GIFTNIFTY CMP: 23520 TF: 15 minutes Bullish Crab Harmonic Pattern is observed on this counter in 15 minutes TF Whether it is going to stay a regular CRAB or DEEP Crab is based on how it reacts at the 23430 and 23380 levels. Regular CRAB is marked in Red and the other one is DEEP (in BLUE) The regular will end at 0.886% at 23430 retracement level of the entire...

Murthy_Santhosh Updated 

LALPATHLAB - CMP 2957 Price had a one way rally in it's primary 3rd wave from 1945 to 3650 And it is falling at the same speed. Price convincingly broke the consolidation at the 30% fib around 3000 levels and trading below the same. 50% retracement is at 2800 and AVWAP from the lows is at 2840 2750-2850 is the breakout retest zone. Between the next 100-200...

Murthy_Santhosh Updated 

CMP: 4108 TF: 75 Minutes It fulfills all the criteria for the WolfeWave pattern.. Waiting for the swing high to be taken for further confirmation and then it could possibly go 4350 and 4800 levels in the coming days.

Murthy_Santhosh Updated 

Gold seems to have completed the Rounding bottom pattern target on the upside.. Profit booking could be seen.. trail with strict SL