MakarandK

MakarandK

Coal India 1W: Sharing how 'EMA 18 & 36 crossover' strategy which shared earlier is working well in this case. Once again chart is bit busy but good to catch all patterns & points and to understand what is next. @bluechips4u @kuttrapali26 @Rohitsingre2 TP above 200 WCLB : 235 & 260. Review due around 260 for next target.

MakarandK

VST TILLERS: This one not participating with market trend either down or up side but appears sqeeze is getting ready to fire. Awaiting TL BO too. Presently concern is volumes. RSI is neutral. Mostly it will blast once sustains above 2600. Keep eyes

MakarandK

Titan 1D: Appears it is completed its correction and bottom out. Here is +Ve divergence on daily time frame and also ready for trend line BO. Good to buy between 2000 - 1900 with a SL of 1875 for Target 2300 - 2400 - 2450.

MakarandK

MFSL: Handle is in process. Price > EMA 18. Price is sqeezed. Buy between CMP - 790. SL 770. Tgt 1 - 895 and Tgt 2 - 970.

MakarandK

JSW Steel 1D: Perfect candidate for sell on rise. Copy book Inv flag pattern. Even EW is triggered here. Sell around 575. Aggressive ones can sell 50% now and rest 50% between 575-580. In both the cases SL is 600 on closing basis. Tgt 8-10%.

MakarandK

DR Reddy 1D: In current market scenario it is preferred to stay with defensives like Pharma / FMCG. In Pharma I see DRL is giving good opportunity to hide behind. HA turned +VE. RSI = 60. Instead any haste rather between 4350 - 4250 can be bought in anticipation of BO for target around 4750 - 4900 with a SL of 4175.

MakarandK

Gabriel India 1W: This one corrected almost > 60% in recent correction right from PRZ to take support at important FIBO Lvl and parallel established a divergence too. From broader perspective mostly it is forming C&H pattern. Looking at this possibility it would be good to buy / accumulate between 110 - 114 lvl with a SL of 102 for initial target of 160. Today...

MakarandK

CCL Product {240 mins}: This Bollinger band squeeze is ready to fire... Awaiting a TL BO too. All oscillators are indicating positive price momentum ahead. Keep tight SL of 240 on closing basis. Appears a low risk trade.

MakarandK

HDFC Life 1W: It is observed generally this script respects pattern and moves accordingly. Presently it formed a Pole & Flag pattern and hence good to position before it gives a BD. Hence any rise towards 580 can be used as selling opportunity with a SL 620 on closing basis, keeping 10-15% downside from level mentioned.

MakarandK

Nifty 50 1D: This appears to be a bit messy chart as I tried to present all current technical setups in one. 1) Expanding Channel indicating positional support around 14800 2) Pole & Flag has given breakdown in Friday session which also completes at around 14800 3) As per EW since mid oct it is perfectly moving without any anomalies & grace. Confirming a...

MakarandK

FDC: All set... Buying range 244 - CMP. Keep Sl of 235 & approach for 280.

MakarandK

Bank Nifty is showing strength and outperforming Nifty. Harmonics trigger is in place. Look for targets mentioned.

MakarandK

DIVIS: Though structure is not copy book but it is weak. Oscillators are indicating weakness too. Sell on rise towards 3900 SL 4K for Tgt 3300 - 3350.

MakarandK

CNX Metal: Completed its Wave 5 right round 2.618 and started to falling. Appears Wave A is in a progress and meaningful reversal will be B. Ultimately it will go down to complete C. A meaningful bounce will be opportunity to exit. See you at C.

MakarandK

Mindtree: It is completed a ABCD pattern which is trend reversal pattern. At a same point +Ve divergence is also spotted. RSI indicating a oversold situation which will help of bounce from present level. Buy with a SL of 2800 for 10-15% gains in short term. Keep eyes !!!

MakarandK

MindTree 1D : It is reversed exactly from Harmonics ABCD completion / PRZ as well as 5th wave is completed at same point. Hence good to buy on any dip towards 2900 for possible tgts 3495 & 3679. In this case SL is 2850.

MakarandK

ITC: Ahead of results it is ready for flag BO. While index was giving up it held very well & was consolidating within the range. Oscillators are neutral. Harmonics & EW both indicating strength. Daily close above 267-268 will be a first indication of next strong move. Targets are 380 - 410.

MakarandK

Nifty 1D: Monday session will be very interesting as today's close is exactly at bottom of LS (Probable) and candle is exactly as made around 15984 (around previous low). Monday close below 16340 will be considered as trend continuation i.e. bearish & close above 16485 will be probable change in trend. Nifty is in C count which is indicating completion around...