AbNamjoshi

AbNamjoshi Updated 

Last week GMM attracted my attention around 1700 when it was in a process of making a Bullish Wedge / Symetrical triangular pattern on its weekly chart. 1700 was a strong resistance for the stock since one year . After a year long consolidation and after discounting all the bad news (offer for sale etc.) the stock is finally given a breakout above 1700 with...

AbNamjoshi

BEL has given a up flag breakout on its Daily and weekly charts. PSU index in nifty has also given breakout last week therefore, i m recommending this stock for buy. This stock is trading under blue sky territory so there will be no upper limit for this stock. However, the first target/ resistance for the stock would be 277 which is also its Fibonacci level...

AbNamjoshi

CNX Metal index is in the consolidation mode since many month's. 6300 is very important level for this index. If it gives a weekly closing above 6300, then we can expect a huge up move in the Metal stocks. It will be a bad sign for common people as all the commodity rates will sky rocket. Keep an eye on Tata Steel, JSW Steel, Hindalco etc.

AbNamjoshi

Reliance has given a breakout on the daily charts. It is trading at 2481. One can take this as a swing trade for the target of 2700. Stop loss for the trade would be 2360. RR ratio is aprox 1:2

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Saudi Dairy and Foodstuff has given a up flag breakout on weekly charts. This stock is trading on Tadawul Index. CMP is 178. Target would be 228 and stoploss for the trade is 165 on weekly closing basis. This trade has a very favorable risk to reward ratio, therefore, worth taking a trade.

AbNamjoshi

Titan has given a clear up flag breakout after month's consolidation. The stock is in clear up trend and worth taking trade. This is a fundamentally good stock so one can hold it for long term too. CMP - 2703 Target - 3200 W SL - 2550 W

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This stock has came to my attention few months ago when it gave a breakout. However, I was waiting for the stock to retest its previous resistance. After month's consolidation I feel the stock is good enough to invest with great RR ratio. On longer time frame, it has created a beautiful rounding bottom pattern. 1900 is all time high of this stock and it was...

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India Cements had given breakout 3 weeks before. It had a major resistance around 216 and stock broke with high volume and price (increased 25% in a week). I was waiting for the stock to retest its previous resistance which is 216 and this week it has tested the resistance. This is an ideal time to enter in the stock with great RR ratio. Technically, over...

AbNamjoshi

This chart came on my watch before 2 weeks @ 160. The stock has clear resistance at 140 and it has successfully broken it with higher volume. More importantly I loved the rounding bottom pattern it has created over the period of 4 years . This is the father of all the pattern and one can expect HUGE returns from these breakouts . Here R:R ratio is very much...

AbNamjoshi

This is my dark horse and I am recommending this share since 114. This is my 5th buy recommendation for this stock. Last week Tata Power has given a up flag breakout. This is a very good techno-funda stock. An investor should have this stock in their portfolio. Target - 368 Weekly. SL - 205 Weekly. View - Medium term.

AbNamjoshi

After months of consolidation, Praj has given a up flag breakout on its weekly chart. The trading Volume was high on closing basis, therefore, I recommend to buy this stock as Medium to long term. One can buy agreesively if the stock manages to close above 375 on monthly basis. Target - 475, 591, 700 and 750 Weekly SL - 300 Weekly closing basis. View - Medium to...

AbNamjoshi

Suzlon energy has given a Inverted Head and shoulder trend reversal breakout this week. From last 3 years, the stock was taking resistance around 8.5 and this week it has successfully broke that barrier with very high volumes. As everyone knows this is beaten up stock . Therefore, I recommend to buy this stock in small quantities whenever it touches new highs...

AbNamjoshi

2 Months back we were short on DN as it created a evening star chart pattern on its weekly chart. When I published that analysis, many people trolled me, however, I was confident with chart and eventually our target of 2000 was achieved! Today on its daily chart DN has created Inverted Head and Shoulder trend reversal pattern , therefore, we are recommending...

AbNamjoshi

Dow has created Island reversal Candle stick pattern on its daily charts. This pattern suggest that the down trend will continue and bulls are trapped. As mentioned in the previous tutorials, 34100 is extremely crucial level for Dow . Closing below this may form a head and shoulder trend reversal pattern which will be much more worse than this pattern....

AbNamjoshi

This is analysis is for educational purpose only! Since many weeks bank nifty is under performing in the market and today it has created Head and Shoulder Trend Reversal Pattern on its daily charts. By the huge structure of this head and shoulder we can expect a huge fall of 5900 points. Yes! 5900 POINTS. If Bank Nifty treads below 35300 you can initiate a...

AbNamjoshi Updated 

This week I chose Vimta Lab as my chart of the week. On 21/7/21 I chose this stock as chart of the week when it broke its all time high on daily charts, however, the stock took resistance and consolidated almost for 3 months. This week again the stock has given breakout above its all time high @346 and able to close above it with high volumes. If we see long term...

AbNamjoshi

After month's consolidation IEX has given a up flag breakout on its weekly charts. Target - 400 W SL - 250 W

AbNamjoshi

Last week Idea has given a breakout on its weekly chart. From last 2 years the stock was trading in range on its weekly chart , which can be seen by pink lines . Last week, however, the stock has given breakout of its important resistance @14. This week the stock has retested its previous resistance @ 14 and given breakout of its weekly range by high volume...