MakarandK

MakarandK

Maithan has given rounding pattern followed by consolidation breakout above 950 - 1100 range and holding well above the range. It will be also considered as flag BO. On weekly, all EMAs are +Vely stacked + MACD crossover in place. Hence, any dip towards 1070 - 1050 will be an excellent opportunity for fresh buy / accumulate with a SL 1010 for initial Tgt 1300.

MakarandK

TaMo: Yesterday it shook many... but price action is saying, 'I am not ready to go down'. More it consolidates in flag More it will fly. When price is not ready to go down, let not your emotions make your portfolio down. Hold with conviction unless it proves you wrong. Nothing > 580 - 620 & more.

MakarandK

Apollo Tyre 1W: Nice flag formation appears to be complete. Prolonged consolidation helped to form a copy book flag. RSI is at support. EMAs stacking well. Good to accumulate between 215 - 205 SL 195 for price tgt 275 - 300.

MakarandK

HeroMoto: Getting ready for fresh round of BO. Formed proper Inv H&S. One can also say, it is made flag. Whichever pattern it is but a Good to buy around 2700, keeping risk of 50 points for tgt 2950 & 3150.

MakarandK

CNXMETAL 1W: This is a sector which remained sideways during recent market correction and in return formed a flag pattern. It is also in Wave 5. Appears RSI has given BO before price and MACD is ready for +Ve crossover. ADX is indicating trend is strong. Hence, this sector has steam to post another 10-15% upside in coming few days. Accumulate on all dips to...

MakarandK

SBI Weekly: PSUBank is a crowded sector now. It is always better to enter much before others do to maximise profits and exit when there is sign of lingering. Stay cautious around 550 level as -Ve divergence is forming.

MakarandK

Nifty 30 mins: For traders who believe and practices Fibo level. Today Nifty Low 17043 as against two retracements from different levels & setups i.e. @ 17042 & 17041. It is highly convincing when occurred along with favourite +Ve divergence. Keep watching !!!

MakarandK

Appears Energy index is going to take a pause hence for very short term view is sideways to bearish. Bearish -Ve divergence is clearly spotted and that will come in play soon. Hence good to wait before initiating Buy trades from energy index. Keep eyes !!!

MakarandK

Has #Indiavix made a double top so mildly it is cooling off? Keep eyes.

MakarandK

Bank Nifty 240 mins: It is formed copy book C&H and followed by retested the BO level. Nothing can be better once Wave 5 is supporting this move. PSUs has showing amazing strength. SBI has posted results above expectations. And RBI policy is in coming week which will also lure... Keep eyes for 40200 Level.

MakarandK

GNFC: Not to miss accumulating on all dips. Preferably around 425 so Risk : Reward is better. Formed same Inv H&S price action pattern twice & at same point. Volumes are satisfactory. Price trading above all key moving averages. Presently oscillators are neutral. Can expect fierce move above 500 as it is breakout point. Keep eyes !!!

MakarandK

Friends, It gave a nice correction of almost 20% from D point as pattern triggered a strong sell. Very recently it took support exactly at 0.618 and to retest C&H BO (A obvious target). Now, it is a low risk investment as having a strong support between 1200-1150 for min price target 1500 & beyond. #MK

MakarandK

Reliance Daily: It is making inverted C&H. Break below 2250 for Price Target 2050-2000... Keep eyes.

MakarandK

ITC 1M: Technical input. Expect once (in Oct 2020 - only for 4 working sessions) it is not traded below 200 EMA... It indicates what limited risk ITC offers. Keep eyes #MK

MakarandK

GMM PFAUDLER: 1) Waiting for 3 Price action breakout around same price. -Triangle Formation / C&H & Trend Line 2) Harmonics Pattern is in place 3) All Oscillators are showing sign of regaining strength now. Buy some now and pyramiding above 5.2K for Tgts 6.5K & 7K. #MK

MakarandK

It is ready to give Breakout. Buy between CMP - 210 SL 202 Tgt 300 - 370. It is purely a positional view.