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

  • Stock Market Analysis


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. 


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 - 


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. 


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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