AbNamjoshi

AbNamjoshi

Hero Motor is consolidating since Feb 21 and now it has given a Pennant / Bullish wedge breakout with good Volume. Hero is a market leader and consistently showed great growth on YOY basis. Still there is a significant upside left for the stock so in my opinion, one can do SIP in this stock without being worried for Stop loss simply because it has a great...

AbNamjoshi

I had recommended Suzlon in Jan last year as chart of the week. Once can see a detailed analysis on the same page. Today again I'm recommending to buy Suzlon @ 11. One must understand that it is a well beaten stock, hence, it's a High risk trade and patience is required to earn profits. If you take this call, invest as per your risk appetite. CMP - 11 W...

AbNamjoshi

Titan has again given a all time high breakout. Chart is looking extremely positive and strong. This company is fundamentally very strong and technically chart is suggesting a very good upside. CMP - 2861 (2/6/23) T - 3200, 4100 W Sl - 2650 W

AbNamjoshi

BHEL has given an Inverted Head and Shoulder breakout this week. Since past 5 years stock was consolidating below 82 and struggling to break this barrier. Now once can assume the down trend is over and we can expect up move in coming months. Target mentioned here are short - medium term. We will review the chart once these targets are hit. Once can buy this...

AbNamjoshi

EIH has made its all time high @ 205 in Dec 07. Now it is again trading near the same levels and taking resistance. Once it gives breakout, it will trade under blue sky and there will be no upper limit for the stock. This is a very good opportunity for Investors. CMP is 205. Accumulate below 220 and then buy aggressively after that . Stop loss is not given as...

AbNamjoshi

Wipro was trading in a downward channel and it has given breakout this week. Now we can assume the up move in the stock. Wipro is IT gaint and overall IT sector is looking good after Nasdaq has given a double bottom breakout few weeks earlier. Hence I am really optimistic about whole IT sector. All the IT stocks have taken very good beating and a good amount of...

AbNamjoshi

IDFC bank has given breakout above 68.5 after 7 years of consolidation. These breakouts are very very important in technical analysis. The next resistance is somewhere around 81. Both IDFC and IDFC bank has given a fantastic results therefore it is a worth of an investment. CMP - 69.85 (26/5/23) T - 81 W SL - 62 W

AbNamjoshi

IndusInd bank has given a breakout above 1240. As per Darvas Box theory, it has completed a consolidation started in Nov 20. CMP - 1268 T - 1800, 2000 W SL - 1100 W

AbNamjoshi

This chart came on my chart on 15 July 22 when it was trading @213 . Today I am recommending to average this stock again @ 268 . The chart is looking more strong and it is worth adding more. Now one should add more for the targets of 360, 460 and 530 on weekly basis . There will be resistances in this journey but one should hold this stock with faith and...

AbNamjoshi

This Black horse of mine came on chart on 10 October 21 hardly a year back when it was trading on 462. The chart was very promising, hence it was my chart of the week for that week. The chart was saying double returns in nearly 2 years, however, all the targets achieved within a year. Thanks to all who took positions! Enjoy the profits! This week again it...

AbNamjoshi

After consolidating for more than a year, Concor has given a breakout. The stock is again entered in the blue sky territory. Currently it is giving a very good Risk Reward ratio if anyone wishes to invest. Once the targets are achieved, once can hold the stock with trailing SL. CMP- 785 (29/10/22) T - 875, 1072,1270 W SL - 774.5 W View - Medium term.

AbNamjoshi

Last week Axis bank gave a breakout above its all time high after very good results and the management commentary. Since May 19 the stock was continuously taking resistance at 826. This week and last week, the stock managed to get closing above it. As this company is fundamentally very good it is the right time to invest into the stock for long term. One can enter...

AbNamjoshi

Voltas has give breakdown of Head and Shoulders trend reversal pattern on its weekly charts. One can short this stock as the risk reward ratio is super favorable. CMP - 900 T - 830, 730, 550 W Sl - 931 W View - Short to medium term.

AbNamjoshi

In May, I posted an analysis of USD/ INR when it gave a breakout above 77. My first target of 81 is already hit. However, this week the USD gained 2% which is quite scary. It has also given a Fibonacci breakout above 1.6 levels. Next Fibo resistance would be around 83.3, which is 2.6 levels. This is the major reason for NIFTY sell off! Now 79 would act as a major...

AbNamjoshi

End of April 22, DOW made head and shoulder trend reversal pattern on its weekly charts. The detailed analysis was done at the same week. This week, however, DOW has hit its head and shoulder targets. Henceforth, in my opinion, DOW should recover because of following reasons. A. Technically DOW has done the head and shoulder breakdown. B. DOW has fallen around...

AbNamjoshi

This chart came first in my attention last year when it gave breakout around same price. I was extremally fascinated with its structure, however, due to bad news and then the Ukraine war market corrected and my SL was hit. However, this stock was always on my radar. Few weeks before it gave a breakout above 1000 with very big volume and again it caught my...

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This is not a very famous company, however, I am still fascinated with this chart. This company is in the business of producing Solar equipment's. Solar energy would be easily accessible for people in general and after a push from government for green energy, this stock should give good returns. This stock has given a up flag breakout at the same time breaking a...

AbNamjoshi

After a year long consolidation, Adani ports has given a up flag breakout on its weekly charts. Investing in Adani group is no brainer! Especially after such a long consolidation, we can expect stock to fly as other Adani stocks. As per Fibonachi, targets are CMP - 906 (11/9/22) T - 975, 1110, 1300 W SL - 800 W View - Medium to Long term