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 -
The beauty of being a Weekly Charts-based trader/investor is that the wild swings & volatile moves that happen on a daily basis are cut out and so the noise that is made all over the media also has no place. This is evident from the close of 8-4 as it is up 114 points from the close of 1-4. This is what a medium or long-term trader/investor should look at and be content with.
The coming week is going to be a very short week as the last trading session is on Wednesday 13-4. In view of this, one needs to be careful as a lot can happen globally over 4 days when our markets are at rest. Also, the results season starts from 11-4 and so there are likely to be sector/stock-specific moves that may be of interest to many.
SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 17784
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: [Same as last week]
- Commodities
- CPSE
- Energy
- Media
- Metals
- PSE
- There are a number of sectors that are still picking up momentum on the weekly charts and leaving aside the above named, there are none that are purely bullish on the basis of a weekly chart. This indicates that the indices may have some issues going ahead and the ride may not be as smooth as it appears to be. [Surprisingly, quite similar to last week as many sectors are at or near resistance levels on the weekly charts].
- Those that appear bullish on the monthly, as well as the weekly charts and these, are: [Same as last week]
WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 17670
Apollo Hospitals (NS:APLH)
Asian Paints (NS:ASPN)
Bajaj Auto (NS:BAJA)
Bharat Petroleum Corp. Ltd. (NS:BPCL)
Coal India (NS:COAL)
Grasim (NS:GRAS)
HDFC Bank (NS:HDBK)
ICICI Bank (NS:ICBK)
M&M (NS:MAHM)
SBI (NS:SBI) Life
Titan (NS:TITN)
Bandhan Bank Ltd (NS:BANH)
HPL Electric & Power Pvt Ltd (NS:HPLE)
Interglobe Aviation Ltd (NS:INGL)
Mangalam Cement Ltd (NS:MGLC)
Mirza International Ltd (NS:MIRZ)
eClerx Services Ltd (NS:ECLE)
Gillette India Ltd. (NS:GILE)
G M Breweries Ltd (NS:GMBR)
Godrej Consumer Products Ltd. (NS:GOCP)
Kaveri Seed Company Ltd (NS:KVRI)
L&T (NS:LART) Finance Holdings Ltd (NS:LTFH)
Omaxe Ltd (NS:OMAX)
Walchandnagar Industries Ltd (NS:WALC)
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/198OSUMqFr4
The post is purely for educational & informational purposes only.