IRCTC
Swing Trading Opportunities for the week beginning 13-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 13-12-21
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.
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. I have also 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 100 Liquid
Auto
Bank Nifty
Fin Service
Media
PSE
Considering the Weekly Charts, the following sectors look good:
Energy
Infra
IT
Midcap 100 Free
Midcap 50
MNC
Realty
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 17511
Bandhan Bank
Federal Bank
ICICI Bank
PNB
Bajaj Finance
Britannia
Dr Reddy
Infosys
Reliance
TCS
IRCTC
MCX
Arvind Fashion
Bank Baroda
BHEL
Car Trade
Chola Fin
Hind Petro
IndiGo
Indo Solar
Kitex
Mangalam Cement
Mphasis
Tata Coffee
Tata Comm
UBL
There are several opportunities that are available even as the tradable indices are at crucial levels. There were many more opportunities that I could sight but I have restrained myself and chosen what I believe are good or may end up as a good risk reward bets.
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,
12-12--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.
IRCTC "BUY CALL" POSSIBLE 14% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
The IRCTC Incident - Who would pay for the MTM Shortfall?The IRCTC Incident - Who would pay for the MTM Shortfall?
Yesterday I was one of those who could use the 30% free fall in the share prices of IRCTC and added a few shares that are now available at an affordable price per share thanks to the share split done by the company. The split was done with the good intention of enabling more participation from the retail traders/investors and that is what happened as I could buy those shares at 700. The media is now full of articles trying to explain why was there a fall and why the convenience fee is important, etc.
However, no one is asking the question - who would fund the intraday Marked To Market losses that SEBI now mandates FNO traders to top up?
A few months ago it was Tata Motors whose share prices tanked big time when they announced semi-conductor shortage-related constraints, and then recently it was the turn of TCS, whose share prices were hammered post results and now IRCTC just because of a circular!!
I am wondering if the watchdog of the capital markets is indeed watching this? And if so, what it proposes to do to protect the interests of the genuine #traders and #Investors?
Consider this --
The IRCTC Nov 21 Future contract close price on 28-10 was 911
Lot size = 1625
IRCTC Futures low for 29-10 = 651
Difference = 260
Max MTM Loss = 422,500 per lot
EOD price = 846
Difference = 65
Max MTM Loss = 105,625 per lot
Who is going to fund this shortfall? Should the traders/investors be penalized for such unexpected shortfalls?
Who will answer these questions is my question to SEBI? I hope industry leaders like Nithin Kamath, Motilal Oswal, and the like would help retail traders/investors get some answers.
I was lucky not have been a part of FNO trade in the scrip as so far I am not familiar with its intraday price action. However, I am keen to know if any of the readers of this post were caught on the wrong foot or on the right foot?
Your views/experiences would help spread awareness and awaken the regulators to work for the benefit of the retail traders/investors.
Thank you!
Umesh
30-10-21
IRCTC INTRADAY SETUP 1 HOUR CHART Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure