piyushrawtani

piyushrawtani

Details mentioned in charts.

piyushrawtani

BATAINDIA setting up a wedge in a range bound market facing multiple resistance ! Update after breakdown.

piyushrawtani

Rectangle breakout after consolidation. Can go long above 1843 and SL 1785 .

piyushrawtani

NIFTYPHARMA looks strong after forming a h&s bottom and break of trendline . Expecting to 9400 levels in coming weeks.

piyushrawtani

Details mentioned in charts .

piyushrawtani

NIFTY long term looks really bullish ,formed a cup & handle pattern , now resting on the neckline. Expected to see levels of 13,500 levels this year .

piyushrawtani Updated 

BRITANNIA has broken out of a range with good buying and is expected to test next resistance level of 3400 , can go long at above 3306 with SL 3216.

piyushrawtani Updated 

KOTAK BANK has formed a rounding top and broke down with good selling and closed below support . It has formed 5 NR candles today . Can go short below 1475 with stop loss of 1515 and targets to trendline support of 1420 .

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IBULHSGFIN fell sharply today and now expected to fall further . It has formed an inside bar on the hourly . Can sell below 728 with stop loss 740 for targets of 707 and 670 .

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Gave idea of YESBANK long few days back but it failed to hold a strong support level and has now retraced back and has formed an engulfing pattern . Can go short below 146 with a stop loss of 159 for targets to next weekly support level of 135 and then 120 .

piyushrawtani Updated 

COALINDIA gapped up above a resistance level but closed below with sharp selling . Can go short below 252 with stop loss of 263 and targets to next support level of 244 / 232 .

piyushrawtani Updated 

BITCOIN has formed a rounding top on hourly and broke the neckline with good volume . Now is retracing the the neckline . Can go short at CMP with stop loss of 7,550 and target of support of 7000 .

piyushrawtani Updated 

As discussed last week , when everybody saying out loud to short YES BANK, that's when the time is to introspect. After sharp selling last week , accumulation can be seen this week on good volume and today has formed an engulfing pattern on 2015 support levels . Can buy above 173 and stop loss of 156 for target of 218 in coming 2 -3 months . Follow me on...

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TATAMOTORS is moving in a channel and has formed two narrow range bar on hourly . Can go short below 174.8 and stop loss 180 for target of 165.

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Target : 2710 Sell Below : 2787 Stop loss : 2840 After panic in pharma sector today , more selling can be seen tomorrow . DRREDDY has broken from a support and has formed an inside doji on hourly. Can sell below 2787 for targets of 2787 in coming days. Can sell on rise as long as doesnt go over 2850 . Follow me on twitter @piyushrawtani for live ideas and other...

piyushrawtani Updated 

Bank Nifty has formed a double top on daily and with two days of sharp selling , high chances of going down further to test the 61.8 % pullback to the support zone . Can go short on rises or at CMP with stop loss of 30,800 . Targets of 28,400.

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Shared Bank nifty few days back as it might test support level of 28,400 . TGT about to achieve . Sharp selling can be seen and it formed a head and shoulders pattern and broke the neckline , retested and now falling more . If it falls below 28,400 , next target can be 27,700 which is next support level and measured move of approx height of the H & S pattern .

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Last week shared reliance idea which moved as expected , now it has fallen much and after forming a double top has broken the line with good selling , one can go short on pullback to 1300- 1320 levels . Might expect to test the weekly bullish trendline which is at 1200 levels.