Swing Trading Opportunities & Stock Picks for this Week with top Sectors

  • Stock Market Analysis

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 25-4-22

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 -

Nifty has ended the week below 17200 and is down 300+ points from where it ended on 15-4-22. This despite Nifty making a good comeback after being pushed down to 16800+ levels. The selling pressure on 22-4- has changed the situation completely especially for Bank Nifty as it almost ended up below 36000.

During the week, even stock-specific moves were also quite volatile and even a stock like Hindustan Unilever Ltd. (NS: HLL ) fell 3%+ on 22-4 which indicates that there is nothing like a safe bet for now. One needs to be agile and quick in banking gains wherever available until the situation improves & Nifty ends a week well above 17500.

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 17171

This is a condensed list after reviewing Monthly, Weekly, and Daily Charts. As such not all the sectors may get listed here.

  • I have analyzed the sectors in 2 parts:
    • Those that appear bullish on the monthly, as well as the weekly charts and these, are:
      • Commodities
      • CPSE
      • Energy
      • Infra
      • Metals
      • PSE
    • There are several sectors that are bullish on the monthly charts, but they lack momentum on the weekly charts. These would eventually get back up, but for now, they are in an area where the reward may not be in line with the underlying risk.
    • At the same time, there are leading indices like Nifty and Bank Nifty that are not suitable for creating a long position on a swing basis. Some of the indices have seen a fall in the momentum even on the monthly charts.

WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 17171

  • Adani (NS: APSE ) Ports - All-Time High closing & a potential breakout
  • Apollo Hospitals Enterprises Ltd. (NS: APLH )
  • Asian Paints (NS: ASPN )
  • Coal India (NS: COAL )
  • HDFC (NS: HDFC )
  • Reliance (NS: RELI ) - All Time High closing & a potential breakout
  • TCS (NS: TCS )
  • Titan (NS: TITN )
  • Aditya Birla Sun Life Amc Ltd (NS: ADIE )
  • Anand Rathi Wealth (BO: ANAA ) Ltd (NS: ANAA )
  • Indigo Paints Pvt Ltd (NS: INDG )
  • Nykaa (NS: FSNE )
  • Alembic Pharmaceuticals Ltd (NS: ALEM )
  • Bayer (ETR: BAYGN ) Crop
  • Clariant Chemicals India Ltd (NS: CLAC )
  • Biocon (NS: BION )
  • Gillette India Ltd. (NS: GILE )
  • GM Breweries (NS: GMBR )
  • Godrej Consumer Products Ltd. (NS: GOCP )
  • Kaveri Seed Company Ltd (NS: KVRI )
  • L&T Finance Holdings Ltd (NS: LTFH )
  • Omaxe Ltd (NS: OMAX )

For taking trades with a high probability of success, it is best to find a stock that fits into the bullish sector on monthly as well as weekly charts and once that is done, entry can be decided after considering the daily charts set-up. I leave the last step for you to perform.

Please note that via this post, I am making an attempt to showcase how one can analyze sectors and scrips using different timeframes, and therefore, I have included only a limited number of scrips as part of the watchlist. Using this approach, I recommend that you analyze the scrips that you have on your watchlist.

I may / may not take these trades as not every opportunity should / can be traded.

Here is the Video Link: https://youtu.be/Ve4hQrfyldw
https://youtu.be/gjngEemhKd8

Thank you for your time and Happy Learning,

The post is purely for educational & informational purposes only.

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  • Saurabh Singhal @Saurabh Singhal
    I wanna learn swing trading and finding stock for it.
    Like 1

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