SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 08-11-21
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- FOR LONG POSITIONS - Nifty Spot at 17916
Asian Paints Britannia HCL Tech Infosys Nestle NTPC SBI Life Tata Consumer IDFC First Bank Abbott Angel Broking Mangalam Cements Mirza International Orient Hotels Tata Coffee TRF Accelya Bayer Cropscience
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Value 20 Consumption CPSE Dividend Opportunities FMCG IT Metals Next 50
As compared to the last week there are fewer opportunities as Nifty has become very volatile and has wild swings leaning towards the downside and is facing stiff resistance on the way up.
I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings.
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:
Thank you for your time and Happy Learning,
7-11--21
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.