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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.
NSE:MPHASIS
by AVENUESOFINVESTMENT
CONTAINER CORPORATION OF INDIA. PRICE ACTION ANALYSISCCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend. Place the stop loss below the demand zone, because this demand zone is expected to support the price. The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension i.e, 914. This is a monthly timeframe analysis, so give time for the price to adjust in case of fall and trail your profits. Happy trading :) This is just for educational purposes.
NSE:CONCORLong
by Sanjan91
NIFTY PSE PRICE ACTION ANALYSIS. A MULTIYEAR BREAKOUT?Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break. We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks. XABCD bearish crab pattern terminal bar price is placed at 4388, where we could book profits and exit. This process can take months but we will be ready to buy PSE stocks on breakouts. This is just for educational purposes.
NSE:CNXPSE
by Sanjan91