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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 .

piyushrawtani Updated 

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 .

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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 .

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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.

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TAMO has broken out of a bull flag with strong momentum on daily . Good investment bet with stop loss of 195. And targets expected with AB=CD move and long term resistance of 240 in coming weeks .

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TATASTEEL has formed a top on 15 min time frame with pretty good selling . One can go short at CMP or at close below the support line for targets of 536/528 . Stop loss for 560.

piyushrawtani Updated 

TATA ELXSI tried to break the resistance but failed to go up and has made a shooting star at a strong level . Can go short below 950 for a good targets back at support zone . Stop loss 1000.

piyushrawtani Updated 

Although some stocks are better to avoid but you got to consider taking a trade when opportunity presents itself like this . DHFL is expected to fill the gap as it is moving slowly and might fill the gap next week . Sell below 139 . Conservative stop loss 142-143 Wide Stop loss 145 . Expected 135 levels .

piyushrawtani Updated 

TECHM is moving a parallel channel for a long time , can go short at CMP at stop loss of 820 . Targets expected 955-960 as it expected to fill the gap very soon .

piyushrawtani Updated 

Can short ASIAN PAINTS at CMP , as it is moving a channel sloping up. And signs of selling on the top of the channel . STOP LOSS : 1494 . Can hold positions for targets 1465 / 1455 .

piyushrawtani Updated 

Can sell DLF at CMP and stop loss of 207 . Expect targets of 180 / 170 / 155 .