Trading Opportunities for W/B 02-08-21

2021年8月1日

TRADING WATCHLIST FOR W/B 02-08-21

INTENT

This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.

I will only be sharing the time frame and the script 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 favourite indicators and check it out if any of these fit your trade plan.

Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.

ON MY WATCHLIST FOR W/B 02-08-21 --

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

CIPLA
COAL INDIA
HDFC BANK
HEROMOTOCO
TCS
AURO PHARMA
CADILA
CHALET
GLENMARK
JUBILANT PHARMA
L&TFH
VOLTAS




SECTORS LOOKING GOOD-[Thanks to the reader who requested this]

I could not find anything interesting here as all the sectors seem to be already up so either a fresh breakout above 16000 or below 15500 may give some opportunities at a sector level.

During the week, the universe of my stock search is limited to Nifty, Banknifty, and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.

Ideally, the best candidate would be the one that features in both the 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.

There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same.

I hope you are able to make the most of this new initiative.

Thank you for your time and Happy Learning,

Umesh
25-07-21

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.