murthyonline

murthyonline

Marked in 15 min. tf Nifty future chart. When 15 min stochastic falls below 80 it indicates weakness and start of a correction. MACD histo also started showing downward path, but yet to come down below 0 line. Fibo support and resistances speak for itself.

murthyonline

NIFTY reached the upper line of supply area and just crossed and made a spinning top. Doji and spinning tops are the indecision areas and a probable reversal areas. Any upward movement should be viewed with caution, as breaking the supply area is not so easy and lot of strength is required. To get conviction a few closes above this area needs to be looked...

murthyonline

Nifty Daily chart indicate it is in a consolidation mode, as of now. The Bollinger Bands moving flat will have to squeeze and open up for any big move upward or downward can happen. Until such time ping pong touching UBB and LBB. Such moves are intraday traders paradise, Stochastic is trying o settle above 80 to become fully bullish and if it has to happen,...

murthyonline

See chart of 15 mi and 30 in.tf. One by one stochastic starts going below 20. Hourly it is giving clear 123 sell signal. Just waiting for the 30 min. stochastic to go below 20 and hourly stochastic to fall below 80. This is only technical view and not a trade call.

murthyonline

In hourly time frame bearish implications are visible one after another. 12770 hold the key. Once Nifty closes below it, the door for bears is wide open.

murthyonline

A number of events and emotions of traders made Nifty move in opposite direction. In the chart attached it is touching the LBB in monthly chart. If this LBB has to budge the primary condition is that the MACD signal has to enter inside the histogram below 0. It has not happened and does not seem it can happen in a month or two as the signals are far away...

murthyonline

Tried to picturise the NIFTY and GANN. As all of us know it is GANN squares. But in the chart due to limitation of space it looks like rectangles and mentioned in notes as rectangles. In the notes mentioned what I could see and perceive and any questions or suggestions are welcome.

murthyonline

Monthly chart attached with probable path of nifty"s 5 primary waves and the 3 retracing waves. The chart is from 2007 and depicting multi year waves. If we consider these 5 (blue) + 3 (black) sets of waves as Wave 1 & 2 on monthly time frame we are about to get a much bigger ranges running into the next decades. One important point noted here is the place...

murthyonline

Nifty 5.2 wave supposed to end at 11000 area, but extended and went down upto 10637. This indicates bears have been given a chance to exit their positions and in the process weak hands of longs also got SL triggered or exited. The 5.3.1 wave started from 10637 and the 1st sub wave ended somewhere near 11694 area and 2nd wave near 11109- area. The 5.3.3 wave...

murthyonline

NIFTY is at a tricky situation. A lot of overlaps of smaller waves. In the normal foreseeable expectation the 5.2 wave should have been reversed in between 11000-11200 but it did not. The volatality and the speed of reversal of smaller waves made it much more difficult for the trader. A number of messages received during the last one month as to ..... wave...

murthyonline

In continuation of earlier posts follow up this time weekly chart is posted to highlight an observation posted here an year back. If we go through the above link we can see that in weekly chart whenever the price goes above the Upper Bollinger Band (UBB) it remains there for 2-3 weeks giving higher highs. Then the tendency is to drop back inside the BB. That...

murthyonline Updated 

Comments marked in the chart.

murthyonline

NS posing a question to all... What next. NS is not going to say anything but gives us the puzzle as always "catch me if you can"..... Now it is giving some signal of 3 repetition out of 4 times in last 2 months. It cannot be construed as "coincidence". Now can it repeat a few more times is the puzzle. One thing comes out of it is, watch out for the 9th...

murthyonline

Sun Pharma gave a break out and indicate now buy on dips for a probable target indicated in the chart.

murthyonline

2/5 MAs cross over done and soon the script should start moving up. Once the MACD signals enters inside the histogram above 0,(marked in rectangle) the probability to reach the expected targets gradually increases. Once the 1st resistance in blue line crosses and closes the 50% percentage achieved and crossing each blue line percentage wise reaching target increases.

murthyonline

Going by the past performance this script has the tendency of going up after every 4th year. Accumulation for long term is at the bottom of the rectangle with a small SL. By 2019 FEB/MAR this may repeat the earlier performance and can double. Risk/ reward looks good.

murthyonline

As mentioned a few days ago for Nifty, some of the scripts also showing the Leap Frog Pattern.

murthyonline

Monthly chart attached with FIBO retracement levels indicating how far the present wave can go and retreat and to go above again.