Swing Trading Opportunities for the Week Beginning 9-5-22

  • Stock Market Analysis
  • Editors Pick

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 9-5-22

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 closing for the week ending 29-4-22 was 17102 and that looked very pessimist. After 4 trading sessions from that date, the Nifty is down almost 700 points and it made a low 71 points lower from the close price of 16411 on 6-5-22. So this closing looks dreadful. 

Weak global cues and relentless selling by FIIs have led Nifty to end the week way below 17000 and Bank Nifty has also closed way below 35000 at 34591. These are not good signs. 

However, we all know that some great investment opportunities come up just when pessimism has reached its peak and I am of the view that the time for that may not be far away. Based on my reading of the price action, and review of the sectoral charts, I am getting a sense that we are now at a very crucial juncture. As long as Nifty holds 16300 & Bank Nifty 34200, we may just see a bounce from the indices. 

At the same time, a breach of these lower levels could intensify selling pressure and push the prices down further. So, please be extremely cautious in placing any new trades and work out risk elements in your chosen trade and reduce the size until the market gives a clear direction. 

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 16411

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: 
      • CPSE
      • Energy
      • PSE
    • There are several sectors where the monthly charts indicate a lower momentum but the weekly charts indicate that the price level at which they are could be the make or break level as stated in the earlier section. Such sectors/indices are:
      • Nifty
      • Fin Services
      • Media
      • Metal
      • Pharma
      • Private Banks
      • PSE
      • Realty

WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 16411

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/Uyt7wUYZ14g

Note: The post is purely for educational & informational purposes only.

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