piyushrawtani

piyushrawtani

Discussed last week as to how jet might be in accumulation stage on a 10 year support level . If the business is shut down ,why is it not going to zero ? High chances of a bounce back if in talks with other airlines , only time will tell . Can go long above 150+ with stop loss of 120 and for targets of 200 .

piyushrawtani Updated 

RELIANCE has formed a text book evening star at a resistance level . Can go short below 1376 with stop loss of 1420 . And target of 1325 .

piyushrawtani Updated 

Fundamentally zero RELINFRA has been going down and has formed a rounding top after and has formed an inside bar on daily. Can go short at 108 for a target of 100 and stop loss of 116. Once it breaks 100 , can go lower and finally in few months to zero .

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UJJIVAN has been moving in an upward channel , broke below and reversed quickly and bounced on support level. Can go long at CMP with stop loss of 310 and target of 350 .

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BATAINDIA is moving in an upward channel and formed a small double top on hourly and broke down the neckline , expected to touch the bottom of the trendline . Can go short at CMP with stop loss of 1475 and target of 1420 .

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TATASTEEL has formed a rounding top and broke out below with good selling . Can go short on pullback or at CMP with stop loss of 535 . Targets for next support level of 510

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WIPRO has formed a double top and a bearish engulfing followed by an inside bar on daily. Can go short below the last candle for targets mentioned at neckline of double top and next target at long term support level . Stop loss above the high of double top .

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JUBILANT FOOD WORKS is coming down for sometime and broke strongly below the long term trendline support , can go short at CMP or at pullback for targets of 1320 / 1280 . Stop loss for 1400 .

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MANAPPURAM is moving in an upward channel and has been consolidating after a good bullish move with good volume , breakout from flag expected tomorrow . Can go long once it closes above the flag , Stop loss for 124.5 and targets for 130 and then expecting a new higher high .

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RBL Bank broke out of a flag on 4hr timeframe , retested the flag and now moving strongly in an upward channel , can go long at CMP with stop loss of 650 for initial target of high of 690 and then expected to make a higher high in 720 - 725 zone .

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INDIABULL HOUSING FIN has made a 100% text book evening star at a resistance level and has formed an engulfing pattern on a pullback today . Can go short at CMP and stop loss of 930 for targets 800 / 750 /650 .

piyushrawtani Updated 

Last month , Escorts made a head and shoulders pattern and broke below the neckline and tested the support level , had shared idea for short that time. Now it has made an inverted H & S and broke the neckline today and might pullback to neckline next week , can go long after pullback or at CMP as long as it stays above 760. Targets would be 800 and 820 respectively .

piyushrawtani

VEDANTA formed a head and shoulders pattern last week and tested the bear trendline today . Can go short once a bearish candle forms around the trendline , stop loss above the shaved bearish bar , and targets for the support levels .

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Nifty has been moving in an upward channel and tested ATH last week , it has broken out of a flag and opened gap up above the trendline resistance , can go long at CMP or at pullback to trendline with stop loss mentioned , Targets can be ATH levels or can go higher to make a new all time high .

piyushrawtani Updated 

ESCORTS formed a head and shoulders pattern on the hourly is about to retest the neckline . Targets of 750-748 till doesnt go over 809.

piyushrawtani Updated 

YESBANK has been moving with higher highs in trendline support. Currently resting at 50% levels from the previous move . One can go long once it closes above the bearish trendline a good RR trade . Consider invalid if breaks to the down side . Stop loss of 260 .

piyushrawtani Updated 

TATA Steel has broken out of wedge with good momentum and has formed an inside bar . One can go once it goes below the last candle , for a target of 530 which is the next support level and 50% of prior bull leg. Stop loss 557

piyushrawtani Updated 

ASIAN PAINTS can be sold at CMP or can be sold on rise with stop loss of 1423 . Targets expected to reach support of round number 1400 soon.