AbNamjoshi

AbNamjoshi Updated 

As we can clearly see, Nifty is trading in a downward sloping parallel channel (Blue lines). Right now we are at our support and we can expect a bounce back next week. FII's long positions is less than 17% as of now. In a history of NIFTY FII long were lowest in covid fall, which was around 12%. Threrefore, now there is very less possibility that FII will keep...

AbNamjoshi

Nifty has around 50 stocks, Nifty Mid cap has around 150-200 stocks and rest are Nifty small cap. Nifty small cap consists of 90% stock in Indian stock market. As per the weekly price pattern, small cap index has strong support at 8500 and it is broken this week. This chart pattern is confusing me as one way we can see a downward slopping parallel channel . But...

AbNamjoshi

Last week we published our view on Dow that it has made a Head and shoulder trend reversal pattern on weekly charts. Our view was in medium term Dow should go in down trend. However, last week, Dow has made a morning star candle stick pattern on its daily charts. Hence, we can expect a pull back up to 33,000 . This is a multiple time frame analysis. Usually,...

AbNamjoshi

On 30 March 2020, BankNifty made its bottom around 17300 after covid crisis. It made a double bottom pattern on its weekly charts and making higher high and higher lows. The up trend is still intact in BankNifty. Rather it is trading exactly at its weekly support. If we draw a Fibonacci retracement, 0.38 level is coming around 32000 which is surprisingly its...

AbNamjoshi

INFOSYS has shown a clear breakdown of its important support of 1660. Moreover, it has made a huge gap which is worrisome. It appears that the stock will be in the down trend in medium term. Unless there is a positive chart structure is formed buying in this stock is not recommended at any lower price. Seeing overall chart destruction, we wish to sell the...

AbNamjoshi

Hero Moto has given bullish wedge breakout on its daily charts. This can be a good opportunity for a swing trade. Keep in mind that the stock is in down trend, therefore, keep a strict stoploss on daily closing basis. CMP -2500 TARGET - 2661 & 2800 Daily SL - 2440 Daily.

AbNamjoshi

Adani Green has given a Up flag breakout on its daily and weekly charts. I have already shared a CNX energy index breakout few weeks before and here I wish to buy this stock. On medium to long view, the stock is looking extremely good therefore I’m giving 2 stoploss for daily and weekly basis. Investors should consider weekly stoploss. Traders can manage their...

AbNamjoshi

Nifty energy index has given a nice up flag breakout last week on a weekly chart. Now we can expect this index to go up to 6500 on weekly basis. Please keep an eye on Reliance, Tata Power, Jsw energy, Suzlon etc. If you see a breakout on energy stocks, take a position for medium term. Target- 6500

AbNamjoshi

After 9-10 months consolidation Dar Real estate has finally managed to give it breakout. The chart is looking good even on medium term. Therefore, I recommend it to buy with a favourable Risk to Reward ratio. CMP - 11 T - 12, 14, 16, 17.5 Daily SL - 10.30 Daily

AbNamjoshi Updated 

I first spotted this chart on 30 August on weekly chart. It was trading at 775. It has hit its first target of 990. After hitting our first target stock has consolidated for weeks and corrected almost 25%. Now again it has given breakout of its 1000 rs psychological barrier on weekly chart. Here I wish to initiate a buy for the target of 1180 or possible 20%...

AbNamjoshi

After 30% correction and consolidating for weeks, Adani Enterprise has given a up flag breakout on its weekly charts. The chart structure is extremely positive and one may hold it with a long term view for aggressive targets. CMP - 1705 W. Target - 2031 (MEDIUM TERM) 2900 (LONG TERM) SL - 1470 W. VIEW - MEDIUM TO LONG TERM.

AbNamjoshi Updated 

HPCL is about to give an inverted head and shoulder breakout on weekly charts . The stock has taken multiple resistance at yellow line and its about to give breakout. This is a trend reversal pattern and one can consider the stock has completed its consolidation and ready for up trend. Next targets are 400 and 500 on weekly basis. Since the stock has not...

AbNamjoshi Updated 

This is one of my dark horses. I have been recommending this share since 1830 and today I’m giving my 6th buy recommendation for the target of 5000. A short term trader should keep a SL of 3750, whereas an investor should keep a deep SL of 3622 and accumulate this stock on each dip. View - short term. Time - 1 month.

AbNamjoshi Updated 

This is one of my favorite and i have been recommending this stock from 113 . This is my forth buy recommendation . This week, the stock has given a breakout on weekly and monthly charts after 14 years of consolidation . This long consolidation can give tremendous returns. 141.5 was the monthly all time high, whereas, 157.55 was weekly all time high. As per...

AbNamjoshi

This is my 6th buy recommendation for this share. On daily charts it has given up flag breakout. Target - 530 SL - 375 View - Short term.

AbNamjoshi

Nifty has given a up flag breakout on daily charts. Nifty can now go up to 19620 in coming months. Buzz me for hedging strategies.

AbNamjoshi

Dow is in the process of forming an Head and Shoulder pattern. This pattern is called as trend reversal pattern. If formed, this may indicate we Dow will resume a down trend!

AbNamjoshi

Dow is at very critical levels. In a process to forming head and shoulder pattern. It may be a sign of trend reversal. Be watchful!