AbNamjoshi

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

AbNamjoshi

In 2010 , MMTC made its all time high at 1300 . Since then the stock is in down trend. Since July 14 , this stock is taking resistance at 59 . Last week the stock has broken this resistance with huge volume and made a Bullish Khatana candle on weekly chart. The primary reasons I feel this is multi bagger because A. price moved around 50% in a week. This...

AbNamjoshi

After making a all time high in Jan 22, CNX IT was in down trend. Since May 22, the index is consolidating in parallel channel, hence ITBees were recommended for accumulation on 13 August. After multiple attempts, last week the index gave a successful closing above 31100 resistance. I was waiting for the confirmation candle which were given last week....

AbNamjoshi

This chart is showing extreme strength and finally it has given an up flag breakout after couple of weeks consolidation. Auto industry world wide has showing a great buying and this stock is non different. Immediate resistance is around 73. However, after seeing the chart structure, it will be taken out soon . The Risk Reward ratio (RR) is extremally favorable and...

AbNamjoshi

After multiple attempts, Maruti has given breakout this week above 10,000. Now the stock would trade in blue zone so there won't be a fixed upper limit. This is one of my favorite stock and I am recommending since 8100. Each Investor should have this Blue Chip in their portfolio. Some companies, such as Maruti , are fundamentally so well that it can be...

AbNamjoshi

This stock came to my attention somewhere in April 22. Since then I was waiting for this stock to break high made on 3 April 22. 2 weeks before the stock gave closing above 189 then came down to test the support and last week again gave breakout. Now the stock looks like to give up move once again. The targets as per Fibonacci are as follows CMP - 193 (26/8/23) T...

AbNamjoshi

This chart came to my attention 2 weeks before when it gave a breakout around 97. Since then it is showing very good strength on the charts. I am especially interested in this chart due to the gap up opening. Last 2 weeks the stock is successfully trading above the gap and it has shown no sign to fill up the gap. In my opinion, it is a very good sign and worth...

AbNamjoshi

This is a comparison study of charts of CNX IT index VS IT-Bees and this is a pure fundamental analysis. In December 21, CNX IT index made its all time high and then went into down trend. Since May 22, IT index is trading in the range (parallel channel) . Here I am recommending to buy Nippon IT Bees as Long Term Investment. Once can see a clear comparison...

AbNamjoshi

Digvijay cement has given a pennant breakout. I particularly liked the volume with which it has given the breakout. This stock has consistently outperformed and the strength can be easily seen on the chart. Fundamentally too the stock has a good track record. I feel it's a worth of a trade. CMP - 91 W (6/8/23) T - 121, 160 W SL - 75 W

AbNamjoshi

I had recommended this share last year for trading and it has hit the target. Last week again the share has given a up flag breakout. Therefore I am recommending it again. One should note that it's a well beaten company and please take necessary precaution before investing in this stock. I am super impressed with the volume based buying happened in past weeks,...

AbNamjoshi

Vodafone Idea has given a inverted head and shoulders breakout last week. Now we can consider an end of down trend and expect the stock to perform well. One must consider it’s a well beaten stock and take necessary precautions in terms of strict Stoploss. CMP- 8.3 W T - 9.5, 11.5 W SL - 7.3 weekly closing basis.

AbNamjoshi

After consolidating for year and half BEML has finally given breakout. This chart came on my attention in Sept 22, however, the SL is hit. Now again it is showing the strength to trade under blue sky. This is a very good opportunity for an INVESTOR. BEML is Government's one of the largest Heavy machinery unit. Target mentioned here are medium term targets. Long...

AbNamjoshi

TCS is not a new name when it comes to IT giants of the world. This week it has given a clear breakout above 3436 on weekly basis. Now it should test its previous high of 4000 which is still 14%. TCS has already corrected around 26% from its all time high and this breakout is come after 3 months consolidation. As an Investor stock like these should be kept in the...

AbNamjoshi

Ashok Layland made its previous high on April 18. After 5 years of consolidation and after testing the resistance multiple times it has finally given breakout. Now the stock will trade under blue sky so there will be no possible upper limit. This is the right time to invest in the stock as Layland is the third best company when it comes to bus production. The...

AbNamjoshi

Tech Mahindra has formed head and shoulders and given breakdown somewhere in April. Since then the stock is in down trend and corrected around 48% since its all time high . In last few months, however, it has successfully done consolidation and make a bullish wedge trend reversal. It came to my attention last week, however, the breakout was not looking...

AbNamjoshi

This is one of my favorite simply because of its fundamentals. Larson and Tourbro is not a new name in NSE. L&T is a market leader in construction and defense. This week it has given a Fibonacci breakout. As one can see from the chart, I have recommended this share since May 21, when it was trading around 1450. This is the stock an Investor should buy and forget....

AbNamjoshi

Apple Inc was consolidating since Dec. 21 and this week it has manage to give breakout above 182 successfully. Nothing should be mentioned about this company as you will be investing in best asset possible. In my opinion, do not keep any SL and accumulate this stock in all the dips. CMP - 185 (17/6/23) T - 213, 260, 300, 350 W SL - 175 W