Swing Trading Opportunities for the Week Beginning 03-01-22

  • Stock Market Analysis
  • Editors Pick
UMESH RINDANI

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

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.

Important - Nifty has performed better than Bank Nifty as on the year-end 2021. Bank Nifty is still experiencing weaknesses and is prone to corrections. Also, the Covid cases are on the rise globally including in India. I am not sure if the market has priced in the likely worsening scenario in the coming days. So please be careful as I feel that we are still not out of the woods.

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 17354.05

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
  • Commodities
  • Consumption
  • FMCG
  • Metal
  • Realty

Considering the Weekly Charts, the following sectors look good:

  • Auto
  • CPSE
  • Energy
  • Financial Services
  • FMCG
  • MNC
  • Pharma
  • Realty

WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17354

There are several good opportunities in the leading scrips and therefore, I have not gone into my watchlist as it is not necessary to deploy funds at one go as we do not know which way the markets may head and how it would impact the various scrips that are available for trading. It is better to be ready with the cash so that when the right opportunity with lower risk and higher reward presents itself, we can take it.

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

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:
https://youtu.be/cQr6BmPJenE

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.

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  • Accountax World @Accountax World
    WHAT IS YOUR YOUTUBE CHANNEL NAME ?
    Like 0
    • Umesh Rindani @Umesh Rindani
      stock market with KR
      Like 0

      • Comment Guidelines

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  • Siddharth Ahuja @Siddharth Ahuja
    Dont call the stocks “scrips” please. Sounds so ridiculous. Stick to shares or stocks.
    Like 3
    • Umesh Rindani @Umesh Rindani
      You may read as you prefer. Thank you for the feedback.
      Like 0

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  • Hareesh Padigar @Hareesh Padigar
    thanks... for the balanced view
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    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback.
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