AbNamjoshi

AbNamjoshi

IT index made all time high in Jan 22 @ 39000. After more than two and half year's consolidation it has successfully given a confirmed cup and handle breakout this week. I am recommending to long this index since long time. Henceforth Nifty IT will lead the market from front foot. One can buy IT bee's or can also make IT basket and make positions in big IT...

AbNamjoshi

After its listing @ 1964 PayTM is falling down like London bridge. So far it has fallen around 321% from its all time high of 1964. This week, however, the stock has done something different. After 6 months of consolidation, the stock has given breakout above 440. In my opinion, it has made a double bottom pattern . However, even if I'm wrong it has at least...

AbNamjoshi

TCS has made its all time high of in Sept 21. It has corrected since then around 26% due to several global factors. And this week, it has again given breakout above its all time high. When it comes to Large cap IT, TCS is no brainer. This stock should be there in everyone's portfolio. Some stocks are not meant for technical analysis due to its fundamental...

AbNamjoshi

Last week, BPCL has given breakout and closing above its all time high of 540 which was made in August 17. Now the stock is ready to up wards in a blue sky territory. This is one of the most dividend giving PSU. Company has been maintaining a healthy dividend payout of 57% (better than any bank FD's), hence its a worth of a trade. Since it has hit its all time...

AbNamjoshi

Last week, IOC has given breakout and closing above its all time high of 150 which was made in May 17. Now the stock is ready to up wards in a blue sky territory. This is one of the most dividend giving PSU. Company has been maintaining a healthy dividend payout of 46.4% (better than any bank FD's), hence its a worth of a trade. Since it has hit its all time...

AbNamjoshi

Hero made its all time high in Sept. 17. After a long consolidation, last week, it has given breakout and closing above 4100. Now this stock is ready to fly. I love when fundamentally strong companies gives technical breakouts. Its the best time to make wealth. I am recommending this stock from 2900, however, this is still a very good buy for an Investor. There...

AbNamjoshi

This chart came to my attention when it gave breakout of the downward channel at 400. Last week, however, it has given a inverted head and shoulders breakout on its weekly chart with very good volumes. Wipro is India's one of best large cap IT and consumer products company with extremally good tract record of financials as well as management. Investors should have...

AbNamjoshi

After 2 years of consolidation, extreme bad news, wars, possibility of recessions, bad FED commentaries and bond yields; Dow has finally risen and gave breakout and closing above its all time high 36,400 with a Bullish Khatana candle. Now we can expect a very good up move and next bull run series in Dow and in world markets. This does not mean we will not...

AbNamjoshi

Last week nifty has given breakout again. NIFTY gained massive 3.5% in a week and made a big gap up candle on its weekly chart. However, if we draw a Fibo from the recent correction; its trading at 1.6 levels. I therefore think that NIFTY should either take resistance or consolidate at this level for few months in order to start an upward journey again. Next...

AbNamjoshi

After consolidating for 2 year plus Concor has finally given breakout. All the PSU are doing good and this chart is showing a very good accumulation over the long period. Targets are pretty massive and attractive. Moreover, stock will be trading under a blue sky which makes me go for a trade. CMP - 843 (10/12/23) T - 950, 1200 SL - 780 w

AbNamjoshi

All the Adani stocks has seen missive buying in last 2 weeks. Reason could be elections. Almost all the stocks have given breakout, however, I chose this stock due to few reasons. 1. This stock has underperformed in all the Adani stocks 2. Recently they got big money from USA for their business. 3. A very good consolidation for more than a year. 4. Trading above...

AbNamjoshi

This is one of my favorites. I am recommending this stock since 1450 and continuously buying at each breakouts. Recently I recommended it when it was trading around 2450. Now again its a good level to enter or average your stock (always at higher price). As recommended earlier, 30/6/23, stock is ready to hit 3500 levels. T -3500 Sl - 3045

AbNamjoshi

I started recommending this share since 900. Currently its trading at 1100. Last week it has given a Fibonacci breakout above its 1.6 level. The next major resistance would be around 1500. I love to take trades especially if the company is fundamentally strong. Chart is strong with extremally good RR. A new entrants either keep deep sl or no sl for this...

AbNamjoshi

Nasdaq has given a clear break down of head and shoulder trend reversal pattern on its daily chart. The chart is extremally weak and we can witness more correction in IT stocks. The SL should be followed on daily closing basis. CMP - 14,180 (28/10/23) T - 13800, 12600 SL - 14550 D

AbNamjoshi

Bank Nifty has made double top pattern on its weekly chart. Last week, a clear breakdown can be seen in Bank-Nifty. The chart is extremally week, hence, one can sell it on rise. The stock should come to test its previous support of 43650. Try to sell somewhere near this point in order to minimize your risk. This is also a very good opportunity for investors to...

AbNamjoshi

After 2 years consolidation, Tata Con is ready to give next move. Chart is looking extremally strong and as its a fundamentally strong company, its worth of a trade. CMP - 913 (13/10/23) T - 1035 W SL - 870 W

AbNamjoshi

NMDC has made a huge rounding bottom pattern of its long time chart. For around 12 years , the stock took resistance around 150 and this week it has finally give a successful closing above. Even volume based buying can be seen on chart, hence, I am recommending to take a trade. Breakouts after such a long period should be taken very seriously and I am not...

AbNamjoshi

Thursday, Dow has gave head and shoulders breakdown on its daily charts. Yesterday's daily candle gave me a confirmation. Hence, on short term view, Dow is looking weak and go in down trend. CMP - 34070 D T - 32800, 31700 D SL - 34200 D