Swing Trading Opportunities for the Week Beginning 2-5-22

  • Stock Market Analysis
  • Editors Pick

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 2-5-22

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 - 

Nifty was trading well above 17300 on the last trading session of the week - 29-4-22 and in the last 2 hours of price action, Nifty made a nosedive of 300 points and registered the day low at 17053 and ended the session as well as the week at 17102. This was a complete reversal from where it was 100+ minutes ago and Bank Nifty fell more than 700 points to end the day just below 36100.

The sudden & sharp change in the trend is not a good sign for the indices who appeared to be coming out of the woods finally after some heavy see-saw price action during the month. And to add insult to the injury, SGX Nifty is indicating a level of 16960 which is 150+ points from where the day ended [considering Nifty Future price].

Also, this week has a trading holiday from 3-5 and therefore, in my view, one needs to be very careful with the trades during the week. Even in the earlier weeks, I have maintained that a weekly close above 17200 is a must for the trend to be back up, but now I move it to a close above 17400 as that level has been rejected on 29-4-22.

So, even though I have shared the opportunities here, please respect the market risk and time and size your trades accordingly. Remember, if we survive, we will thrive in the long run. 

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 17102

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: 
      • Commodities
      • CPSE
      • Energy
    • There are several sectors that are bullish on the monthly charts, but they lack momentum on the weekly charts. These would eventually get back up, but for now, they are in an area where the reward may not be in line with the underlying risk. 
    • At the same time, there are leading indices like Nifty and Bank Nifty that are not suitable for creating a long position on a swing basis. Some of the indices have seen a fall in the momentum even on the monthly charts. 

WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 17102

Cipla (NS: CIPL )
Grasim (NS: GRAS )
HDFC (NS: HDFC )
HDFC Bank (NS: HDBK )
Hero MotoCorp Ltd (NS: HROM )
Hindalco (NS: HALC )
Hindustan Unilever Ltd. (NS: HLL )
Tata Steel (NS: TISC )
TCS (NS: TCS )
Force Motors Ltd (BO: FORC )
HDFC Asset Management Company Ltd (NS: HDFA )
HPL Electric & Power Pvt Ltd (NS: HPLE )
APL Apollo Tubes Ltd (NS: APLA )
Bayer (ETR: BAYGN ) Crop
eClerx Services Ltd (NS: ECLE )
Gillette India Ltd. (NS: GILE )
GM Breweries (NS: GMBR )
Godrej Consumer Products Ltd. (NS: GOCP )
IRCTC (NS: INIR )
L&T Finance Holdings Ltd (NS: LTFH )
Omaxe Ltd (NS: OMAX )
Aditya Birla Capital Ltd (NS: ADTB )
CESC (NS: CESC )
Escorts (NS: ESCO )
Pfizer (NYSE: PFE )
Zydus Wellness (NS: ZYDS )

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/ZsGv_NNVX0M

Thank you for your time and Happy Learning,

The post is purely for educational & informational purposes only.

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  • Ime my @Ime my
    Thnx.
    Like 0
    • Umesh Rindani @Umesh Rindani
      You are welcome
      Like 0
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