Swing Trading Opportunities for the Week Beginning 24-01-22

  • Stock Market Analysis

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 indices have back again fallen below the key levels. Nifty is below 18000 and Bank Nifty below 38000. The last 2 days in particular have created major panic selling and during the week concluded on 21-1, even DIIs have turned net sellers for a few days. This is a big change and as usual, FIIs have been selling in an unprecedented manner. In view of this, it is advisable to exercise caution with only 5 sessions to go before the presentation of the Union Budget.

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 17617

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
  • Media
  • PSE
  • PSU Bank

There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness. 

Considering the Weekly Charts, the following sectors look good:

  • Nifty
  • Auto
  • FMCG
  • Infra
  • IT
  • Media

Clearly, there are a lesser number of sectors that have been shortlisted as that is what the charts indicate. This may be on account of the recent downturn in the indices. 

WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17617

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/PxW8SHafk6E

The post is purely for educational & informational purposes only.

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  • Alankar Kumar @Alankar Kumar
    I can list 10 stocks and mention sectors which favour a bullish bias and definetly some will go up.This is not analysis.
    Like 4
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback. I suggest please do so as it will help you in the process of becoming a good trader. I wish you well.
      Like 2
    • Rajeev Mishra @Rajeev Mishra
      Umesh Ji, Thanks for all the hard work you put in. It helps us. Please continue with the good work.
      Like 1
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