SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 25/10/21
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.
On my watchlist for the coming week
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
Weekly time frame long trade stock picks (Nifty Spot at 18,114.90)
- EIH (NS:EIHO) Associated Hotels Ltd (NS:EIHA)
- Kaveri Seed Company Ltd (NS:KVRI)
- Sharda Cropchem Ltd (NS:SHCR)
- 3M India (NS:TMIN)
- Pidilite Industries Ltd. (NS:PIDI)
- Rane Engine Valves Ltd (NS:RAEV)
- Sanofi (PA:SASY)
- SBI (NS:SBI) Card
- StarCom Information Technology Ltd (BO:STRC)
- Wabco
- Wendt
- Westlife Development
Sectors that look good for long positions:
- Consumption
- FMCG
- Growth Sectors
- Metals
Clearly, there are fewer opportunities this week than earlier and many new names have featured that were not registered earlier. Same way, the sectors have also rotated and this explains the fall in Nifty from its ATH at 18600+. Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. 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://www.youtube.com/watch?v=gVgnUZ3dSxk
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.