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Swing Trading Opportunities for the week beginning 6-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 6-12-21 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 This week, I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend. CAUTION - On account of the Omnicron scare, the markets would remain volatile so please be very careful while finding and initiating the trades. Risk management is the key to survive in such markets. This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. And from this week, I have also filtered the sectors based on Monthly candles. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG / SHORT POSITIONS- In case the sectors break the current RSI and Support levels, these could become good candidates for taking short positions. Please keep your mind open accordingly. If you are not using the Futures & Options instruments, please focus only on the Long or Buy trades only. We should only focus on what works for us and not follow anyone blindly. Considering the Monthly Charts, the following sectors look good: Auto Bank Nifty CPSE Financial Services FMCG Media PSE Considering the Weekly Charts, the following sectors look good: Auto CPSE Infra IT Media PSU Banks Realty Services If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates. WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17006 Adani Ports BPCL Coal India Infosys Nestle TCS UPL Bosch HPL Alembic Pharma Bayer Crop Idea Nazara Sun TV The market is at an indecisive phase and the FIIs keep selling despite good global cues as well. Keeping this in mind, I have reduced my coverage of Swing Trading Opportunities to mainly Nifty 50 and Bank Nifty stocks and have included some of my holdings that are available at a good risk reward ratio. During the week, I already have many scrips in small quantities as these have been beaten down from their ATHs or Swing High. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 4-12--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT
NIFTY AUTO on Bigger TimeframeNifty Auto is at resistance levels of a trendline on monthly timeframe chart. After 2020 fall it had broke the major resistance and took support on it. Now from support zone it had made higher lows, but not the higher highs. Index had contracted for last few months so now there is high possibility it may show big move one side. This month we may witness a major breakout or it will retrace and and take support. If it comes back and take support then it will generate a strong momentum for breakout or breakdown. The current support zone had many times acted as a resistance. If this support is broke then we may see a fall. This post is for information purpose only. It is my own analysis, I'm not a professional trader or analyst.
NSE:CNXAUTO
by AkshayAdak
motherson sumiMotherson sumi: on 7th april posted technical chart of motherson sumi kindly refer accordingly, it has retested the breakout of channel and gives its target. after that it formed HNS pattern at top and goes in retracement mode. presently it formed W pattern with following features: 1. up-wedge breakout with volume. 2. Neckline breakout with volume. 3. strong candle close on daily chart can show new 52 week high with sl of 222 on daily closing basis in 90 days. will track for nxt 3 months n will grab FNO opportunities which gives good RR. will update if taken any fno trade.
MLong
by yogeshna
TATAMOTORS looking good for a medium term breakout - LONGTATAMOTORS having spent the last 3 months of market bullishness in consolidation (along with other Auto stocks) looks to be setting up for an uptrend in the coming weeks. Can go long positionally for Targets of 335/340 and 360. Stop Loss would be a closing below 310 on a daily basis. Disclaimer - I have a position open on TATAMOTORS. ** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.
NSE:TATAMOTORSLong
by libinbond
Swing Trading Opportunities for W/B 4-10-21TRADING WATCHLIST FOR W/B 4-10-21 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. ON MY WATCHLIST FOR W/B 4-10-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS AXIS BANK BANDHAN BANK HDFC BANK BPCL BRITANNIA DIVIS LABS TATA CONSUMER TATA STEEL ULTRA TECH BOSCH AMARJA BATTERIES ATUL AUTO CGCL DALBHARAT GLENMARK HIND PETRO KANSAI NEROLAC LUPIN ORIENT HOTELS RAYMOND TRF TWL VOLTAMP SECTORS LOOKING GOOD FOR LONG POSITIONS- PHARMA BANK NIFTY MEDIA METALS PRIVATE BANKS PSU BANKS Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 3-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:CNXPHARMALong
by AVENUESOFINVESTMENT