Swing Trading Opportunities for the week beginning 17-01-22
SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 17-01-22
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.
ON MY WATCHLIST FOR THE COMING WEEK
Important -
The indices have performed fairly well in this week and the weekly close is also at a good level. The results season has begun on a good note with both Infosys and TCS posting good numbers and closing the week at their respective All Time High. The market would now be driven more by the release of the quarterly results. It is better to trade/invest in results bound scrips only after the results and not in anticipation of a good outcome.
The market seems to have for now discounted the Covid as well as Omicron related impacts and seems to be getting in to the pre-Budget rally mode.
I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week -
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Considering the Monthly Charts, the following sectors look good: NIFTY SPOT at 18255
At this time, I have also chosen sectors with an additional filter of Fibonacci Retracement using the Covid swing low as the base.
Auto
Bank Nifty
CPSE
FMCG
Media
PSU Bank
The first 4 sectors were present the last week as well and only the last 2 are the new additions.
There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness.
Considering the Weekly Charts, the following sectors look good:
Nifty
Auto
Nifty Bank
Infra
IT
Media
Metal
MNC
PSE
PSU Bank
Realty
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18255
Coal India
Divis Labs
Grasim
SBI Life
HCL Tech
HDFC
IOC
JSW Steel
NTPC
ONGC
SBI Life
Tata Consumer Products
PNB
Indigo
Tata Coffee
West Life
Angel One
Avanti Feed
IRCTC
KSCL
Nazara
Walchandnagar
This week, I have included some other scrips that are part of my watchlist as those seem to offer good risk-reward opportunities. However, not all of them have been screened so you may deep dive into the scrips that you may have on the radar and follow the process covered in this post to filter the candidates for investing/trading.
I may / may not take these trades as not every opportunity should / can be traded.
Here is the Video Link: youtu.be/3PXnEAqd62o
Thank you for your time and Happy Learning,
Umesh
14-1-22
Not SEBI Regd.
The post is purely for educational & informational purposes only.
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.
ON MY WATCHLIST FOR THE COMING WEEK
Important -
The indices have performed fairly well in this week and the weekly close is also at a good level. The results season has begun on a good note with both Infosys and TCS posting good numbers and closing the week at their respective All Time High. The market would now be driven more by the release of the quarterly results. It is better to trade/invest in results bound scrips only after the results and not in anticipation of a good outcome.
The market seems to have for now discounted the Covid as well as Omicron related impacts and seems to be getting in to the pre-Budget rally mode.
I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week -
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Considering the Monthly Charts, the following sectors look good: NIFTY SPOT at 18255
At this time, I have also chosen sectors with an additional filter of Fibonacci Retracement using the Covid swing low as the base.
Auto
Bank Nifty
CPSE
FMCG
Media
PSU Bank
The first 4 sectors were present the last week as well and only the last 2 are the new additions.
There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness.
Considering the Weekly Charts, the following sectors look good:
Nifty
Auto
Nifty Bank
Infra
IT
Media
Metal
MNC
PSE
PSU Bank
Realty
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18255
Coal India
Divis Labs
Grasim
SBI Life
HCL Tech
HDFC
IOC
JSW Steel
NTPC
ONGC
SBI Life
Tata Consumer Products
PNB
Indigo
Tata Coffee
West Life
Angel One
Avanti Feed
IRCTC
KSCL
Nazara
Walchandnagar
This week, I have included some other scrips that are part of my watchlist as those seem to offer good risk-reward opportunities. However, not all of them have been screened so you may deep dive into the scrips that you may have on the radar and follow the process covered in this post to filter the candidates for investing/trading.
I may / may not take these trades as not every opportunity should / can be traded.
Here is the Video Link: youtu.be/3PXnEAqd62o
Thank you for your time and Happy Learning,
Umesh
14-1-22
Not SEBI Regd.
The post is purely for educational & informational purposes only.
