AbNamjoshi

AbNamjoshi

FOR EDUCATIONAL PURPOSE ONLY! This is a daily chart of Dow . It has taken a support exactly at its daily support trendline (blue). From last several months, Dow has been trading in a range on weekly charts which can be seen in pink lines. On weekly charts Dow has made a flag and pole pattern and either it takes support at this level or may give break down. If...

AbNamjoshi

Nifty is creating a Head and Shoulder trend reversal pattern on its daily chart. It has not given a break down yet , however, it has closed exactly on its support (Yellow line). One must be watchful of 17622 levels . Daily closing below this level means the activation of the pattern and then one can expect a 500-800 points fall in Nifty .

AbNamjoshi

Maruti has made Inverted Head and Shoulder pattern on its weekly chart. This is trend reversal pattern and one can expect stock to move up henceforth. This recommendation is mainly for long term investors, however, short term investors can keep a SL of 7400 weekly basis. Long term investors can expect huge gains over the period of few years. A great Techo Funda...

AbNamjoshi Updated 

Tata Moters have given up flag breakout on weekly charts. Once can buy for the target of 530 with 335 SL on weekly basis.

AbNamjoshi Updated 

I had mentioned this stock on 10 Sept in my weekly review. Raymond has given Inverted head and shoulder breakout on weekly charts. This is a trend reversal pattern and one can expect the stock has completed its downtrend and correction and resumed its up trend. Since April 18 the stock was in down trend, however, last week it has given a breakout and...

AbNamjoshi Updated 

IOC has given cup and handle breakout on weekly charts. After Covid fall the stock has been trading in a range visible by blue lines. The stock has taken resistance at 116 and after few weeks consolidation and around 10% correction, stock has finally given breakout at 118. Next targets for this stock would be 170 and 225. It is a very good techno-Funda...

AbNamjoshi Updated 

The stock has clear resistance from 117 to 121. It has tried to breach this resistance, however, we can see a big selling. Now the stock is possibly making a cup and handle formation . Price change from the bottom of the cup to the top of the cup is around 45 Rs. If it able to breach the resistace of 118, we can expect up move of 45 Rs from the top of the handle...

AbNamjoshi

HDFC Ltd has give a up flag brekout on its monthly charts. After consolidating for 9 months and correcting 20% from its all time high, stock has given a clear breakout. This company is fundamentally very good and has a weightage of around 8% in nifty. If you want to invest in long term in a good stock, this is one of the best picks. Target - 3800 Monthly and...

AbNamjoshi

Fed Bank has given a breakout of its previous down trend (Yellow line) last week and this week it has managed to sustain above that. Therefore, I would recommend to buy the stock for the targets of 109 and 127. For longer term the stock is looking extremly good. However, we will take a review once it crosses 127. Target - 109 and 127 SL - 94 Weekly. View - Short term.

AbNamjoshi

Deepak Nitrite has formed a Evening Star pattern on its weekly chart. This indicates stock has made its top for a time being and possibly correct henceforth. If it trades below 2350, initiate sell position . If anyone in our group having positions in this stock, I would recommend to exit 30% of your positions @ 2350 and remaining 70% at around 2100 . Target...

AbNamjoshi

IRCTC came on my daily chart on 18/5/21 when it was trading at 1832. When it broke its All Time High, I posted it on my chart of the week post. I put Fibonacci and came to the targets of 2765 to 5968 . Today it hit the maximum limit as per Fibonacci (5967) so henceforth I will keep a trailing SL and hold the position. This is how one can get maximum profit...

AbNamjoshi

This analysis is done for educational purpose only. As we can see USD has given breakout on weekly charts. USD and nifty are very well connected to each other and rise in USD can lead to profit booking in Nifty. This is a temporary phase in the market, therefore, next couple of weeks we can see profit booking in Nifty. One can long USD and short Nifty to hedge.

AbNamjoshi

Ashok Layland is about to give a cup and handle and up flag breakout on weekly charts. Since it has not given a clear breakout I would recommend to buy 50% @ CMP and remaining 50% on each dip up to 122 or once it crosses above 137 on weekly closing basis . If anyone wants to initiate short term trade, target would be 167.5 with SL of 122 Weekly closing basis....

AbNamjoshi

I have recommended this share from 950. Today it has again given breakout! One can buy for the target of 1450 with 1250 SL. This is a short term trade. If you have invested as per my previous recommendations, Hold it! I will keep publishing new targets or you can message me for revised targets and SL View - Short term Time - 1 month.

AbNamjoshi

The stock is on the verge to give cup and handle breakout on weekly charts . After taking multiple resistance at 1130, the stock is once again ready to give a breakout on weekly charts. Since the stock has not given a clear breakout one can buy 40% at CMP and accumulate 30%, 30% on each dip upto 1050 - 1000. Even after breakout, stock will test its previous...

AbNamjoshi Updated 

After a good 20% correction and few weeks of consolidation today my Dark Horse has given breakout on daily charts. This stock is double since my first recommendation in Feb (7-8 months). If you have invested in initial stages hold it for the Target of 340. However, if you want to take a new entry keep SL of 219. Beautiful chart!

AbNamjoshi

This stock has made all time high in Jan 18 @ 1144. Since then it is taking a resistance on a particular trend line which is visible in red if you connect all the swing highs. Since March 20, stock is trading in a upward channel marked by blue lines. Few weeks before stock has taken resistance at its resistance line around 475. After weeks of consolidation it...

AbNamjoshi

This is one of my dark horse. I had spotted it on daily chart in June around 125. Since then it has doubled. After few weeks consolidation and around 20 % correction stock has again given breakout on weekly chart. Last week I have recommended this chart to our members on daily chart for the target of 340, however, now the weekly targets coming whopping 440 ! ...