MakarandK

MakarandK

Indus Ind Bank 1W: Followed by triple bottom now price trading around BO & appears completing almost a month's consolidation. All oscillators are gaining strength. Price > EMA18/50/100/200 & positively staged. Price appears to be staging impulse move. Hence buy some now & some around 955 with a SL of 935 for Targets 1090 - 1125 - 1175.

MakarandK

Nifty Daily: Earlier it gave a flag BO and had target at channel resistance & length of flag, which it did. At the same point ABCD pattern formed with a PRZ at 18167. Price > EMA 20/50/100/200. While saying so around 17440 is flag BO retest support. Looking at this on daily, 17440 is support & 18167 is resistance level. Move beyond either side will decide BD or BO.

MakarandK

Deepak Nitrate 1D: Poised for TL as well rounding or may be Inv H&S BO. ADX is bottoming out & reversing. RSI > 60. Price > EMA 18/50/100/200. Harmonics setup is active. Buy between CMP -2200. SL 2150 Tgt 2600 - 2875.

MakarandK

ITC 1W: Given EMA conversion breakout at 225 (Volume supported). ADX> 25, RSI = 60. Much awaited BO above 249 & 257 is in place. SL 2340 to approach a price around 300. NO GHAR VAPSI (208-215 band) this time.. Once weekly close too does above 257 there shouldn't be any hurdle till price target. Now keep eyes on rising channel.Keep watching.

MakarandK

PSP Projects: It is already moved from 493 to 560. Now it is awaiting a fresh BO above 563 - 565. Its Short term Tgt - 600 & Medium term Tgt - 650/660. Keep eyes.

MakarandK

IRCTC 1W: Appears it is completed correction near recent lows & ready for reversal. While price is giving BO all oscillators are gaining the strength. Price > WEMA 20. It is well poised for 1100 & 1250. Good to accumulate between CMP - 775 for targets mentioned. Keep eyes. #IRCTC

MakarandK

MARICO 1D: It is difficult to get big runaway rallies in FMCG stocks but strong moves can be picked up timely to give 15-20% returns in short term. As earlier we have seen in ITC & Nestle and now similar opportunity I see in Marico. Earlier I thought it is making H&S but combination of study is denying that possibility. Multiple times support sought at TL &...

MakarandK

BF Utilities 1W: Though competition is not easy as giants Adani group companies, TaTa Power, NTPC & Power Grid are dominant in this sector, just imagine BF manages to increase their share by 1-2% points. Not sure whether it will be able to do but on charts it is looking very promising as all 4--> Rounding pattern, ABCD, Wave 5 and FIBO indicting only 1 Target...

MakarandK

BN 1D: Keep eyes. There is some more headroom in running trend till 37850 - 900...

MakarandK

Nifty 1D: Though Nifty has given a flag BO & sustaining above to do 17800, I am not super bullish because in a day or two DC may happen when ADX is < 15. Hence it will go sideways rather to stay between 17800 - 17100 in coming few sessions. Even VIX is dipped to 20 from 30 and that's another sign of stable & less volatile trade ahead. Looks it is a good time...

MakarandK

Tech Mahindra: Inv H&S and falling trend line BO is in place on LTF. Looking good to buy between CMP - 1490 SL 1475 Tgt 1700 - 1750

MakarandK

Titan 4 Hrs: This one broken 6 months consolidation. A stock well supported by EMA & oscillators. If holds BO & sustains above for 2-3 days, then its a buy on dip till 2550 and good to assume it will do another 400 points from CMP.

MakarandK

MCX 1W: Retested BO. Forming a channel. Trying to bounce from oversold zone. Good to watch whether it is cat bounce or bounce to go further dip. Bias is Neutral.

MakarandK

ICICI SEC 1W (Positional view): Restested BO. Complted .618 retracement. Price sustained above 565 will confirm it is in process of wave 5. Accumulate between CMP - 580. SL 560 on closing basis to approach price 950 & 1150.

MakarandK

ITC 1W: Though price action showing strength still it appears to be 'NEUTRAL' in terms of R:R. Given EMA conversion breakout at 225 (Volume supported). Formed triangle within triangle. ADX> 25, RSI = 60. Much awaited above 249 & 257. SL 223 to approach a price around 300. NO GHAR VAPSI (208-215 band) this time.. Keep watching.

MakarandK

IIFL Securities: Forming a descending triangle. Retested Multi-times breakout level around 79-78. Appears double bottom is in place. Price > EMA 9/20/50/100/200. All oscillators are indicating bullish move ahead. Good to accumulate between CMP - 89. SL 85 to approach 110 - 120 - 130. Keep eyes.

MakarandK

GMR Infra: This one doesn't seems to be in good shape. Forming H&S pattern. LLLH formation in place. Price < EMA9,20,50,100. Any bounce towards 41-42 should be an opportunity to exit / have bearish position. More weakness / confirmation < 37. Keep eyes.

MakarandK

Nifty Daily update: Combination of candle pattern setup & Harmonics worked beautifully since it made a closing low at 15864 and since then we have seen a rally of 1400 points in short time which helped to get a weekly close above 200 DEMA & regression channel marked in green. Now as per setup Nity's near target is 17432. Please note, for coming week 17500 - 625...