Swing Trading Opportunities for the Week Beginning 28-2-22

  • Stock Market Analysis
  • Editors Pick

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 28-2-22

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 -

The week that concluded today was one of the worst weeks that I have experienced so far in my trading journey leaving aside the Covid-era related challenges faced. On 24-2, Nifty fell more than 900 points, and Bank Nifty 2000+ points when compared to the close of 23-2. This happened as Russia invaded Ukraine and officially it was recognized as a war on Ukraine. Our indices witnessed extreme pressure as FIIs joined the party and aggravated their selling. The indices made some recovery on 25-2 but I am unsure about the duration up to which the same would last. India VIX also crossed 32 on 24-2 so it was terrible for the investors in particular and many of the trends following traders would have laughed their way to the banks.

In my view, Nifty close on 2-3-22 is critical as we have a holiday on 1-3, and in recent times, a lot can and has happened in 1 trading session so please be extremely cautious in your approach - we need to survive first and then thrive.

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 16658

This is a condensed list after reviewing Monthly, Weekly, and Daily Charts. As such not all the sectors may get listed here and only those sectors that I find good on a weekly chart basis have been listed here.

Whereas above is the general process, during the week ended 25-2-22, a lot of crucial Moving Averages have been broken on the downside and Nifty as well Bank Nifty would need to weather these resistances before they can comfortably begin the normal course of ups and downs.

As a result, I have analyzed the sectors in 2 parts:

Those that appear bullish on the monthly, as well as the weekly charts, and these are:

  • Nifty
  • Infra
  • IT
  • MNC
  • Realty

And those that appear bullish on the weekly charts but have lost momentum and do not appear bullish on the monthly charts. These are:

  • Auto
  • Bank Nifty
  • FMCG
  • Media

WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 16658

Asian Paints (NS: ASPN )
Bajaj Finance (NS: BJFN )
Cipla (NS: CIPL )
Coal India (NS: COAL )
Hindalco Industries Ltd. (NS: HALC )
Reliance (NS: RELI )
TCS (NS: TCS )
Tech Mahindra (NS: TEML )
Avenue Supermarts Ltd (NS: AVEU )
HDFC (NS: HDFC ) AMC
Interglobe Aviation Ltd (NS: INGL )
Angel One Limited (NS: ANGO )
Biocon (NS: BION )
Gillette India Ltd. (NS: GILE )
G M Breweries Ltd (NS: GMBR )

As you will see, there are very few stocks that have been listed by me as I am not sure which way the market is likely to move given the uncertainties prevailing in the global markets.

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/o04h9QN0av0

The post is purely for educational & informational purposes only.

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  • Kristofer Quadros @Kristofer Quadros
    Just started reading your posts. Great stuff to cross reference against my own analysis. Please do keep up the good work
    Like 1
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback. I am glad that you are doing your own analysis.
      Like 0
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