MakarandK

MakarandK

CNX IT 1W: It is sitting on the fence and both patterns indicates correction in the sector. So sell on rise can be the strategy. If one can't sell at least don't buy.

MakarandK

Easy Trip 1D: Keep accumulating... Nice consolidation / accumulation. Volumes growing. We have seen similar pattern in Patanjali recently on weekly. Can accumulate till 390. SL 375 on closing. Initial target 475. Review due above 475.

MakarandK

Bank Nifty 60 mins: Harmonics bearish is active as long as it hold 16600 on 1hr closing basis. Keep eyes.

MakarandK

SOBHA 1D: Superlative performance by Sobha. It had a +Ve divergence right at bottom of rounding pattern to register 40% gains in around 1 month. It is still looking very strong as retracements are very shallow. Any dip towards 650 will stand as buying opportunity as it is opening door for 800. Keep eyes.

MakarandK

Ashok Leyland: Keep eyes. It is formed copy book C&H pattern on weekly time frame. At this juncture, more then a BO some more sideways price & time consolidation will give more solidity for sustainable BO. Overall view here and for Autos is continue to be positive.

MakarandK

ICICI Bank 1D: Keep eyes. It is reaching its minimum target.

MakarandK

Jubilant Ing 1D: Yesterday someone checked about this script. Yesterday Ichimoku has triggered buy above 515 and now price is awaiting a consolidation BO above 530. Good part is minor increase in volume observed while Price crossed above EMA 18 so its a sign of accumulation. Good to accumulate between 495 - 510 for target 640.

MakarandK

PSP Projects: A directional move from 475ish to 650ish is to register multi-year BO. Positional investors do not miss opportunity of Pyramiding in case of any correction towards 600 as pattern target is 720 - 850.

MakarandK

Nifty Bank 30 mins: It is triggered sell as per Harmonics. Initial target appears to be 34865 with a SL of 35475. Review due 30 mins candle close below 35475 for Target 34480. Keep eyes.

MakarandK

Reliance 1W: Today, In case of any dip, use this opportunity to buy / accumulate and hold from short term perspective. Then use 2305 as SL on closing basis. It has channel as well FIBO support. Though oscillators are neutral mostly will turn supportive for upswing. Keep eyes.

MakarandK

Indian Bank 1W: This one is going to do good in coming few days. It is getting ready as awaiting a Cup&Handle pattern breakout on weekly TF. Recent long consolidation cum correction lasted only till 0.38% & that is good. Oscillators are gaining strength too. EW will also trigger able 182. Dont rush but slowly add till 155 SL 150 and I see 225 - 240. Cross...

MakarandK

Bharti Airtel: 1D: Chart is just for reference and one can easily make out how best this stock is consolidating between broader range to take support around 645 - 650 level time & again. As of now it is trading around lower level of the range and possibly may give bounce towards 700. Close above 700 there will be double bottom breakout too.

MakarandK

AVENUE Supermart 1D: Appears it is triggered a Harmonics setup and ready for price breakout too above 4000. All oscillators are showing strength. Good to accumulate between CMP - 3800 with a SL of 3700 for Target 4500 - 4750.

MakarandK

Jyothi Labs: It is made nice Inv H&S pattern on daily & price trading / consolidating above BO level. RSI > 60, ADX > 25 and Price > 18. I think this one can bee accumulated between CMP - 156 with a SL 150 on closing basis for upside target 180 - 192.

MakarandK

Bank Nifty 180 Mins: From bearish Harmonics trigger and from same point after completing EW corrective move it is merely met minimum target. Now BN is at critical level because for any reason soon it doesn't break recent high then some sharp down move will trigger. To be precise move will be severe below 34200. Keep eyes.

MakarandK

Nifty 1D: Nice demonstration of LL-LH and EW moves within the channel. For so long though it is respecting and working well nothing remains permanent. Expect Trend change only & only weekly close above 16400 but break below 15900, lower levels are opening. Keep eyes.

MakarandK

Bank Nifty 1D: Formed a bearish harmonics pattern. Some quick fall is expected in coming sessions. Keep eyes.

MakarandK

LIC 1Hr: Bollinger squeeze is ready to fire. Trade will be active above 712 on 30 min closing basis then SL 695 again on closing basis. TP 1 - 750 TP 2 - 765.