Swing Trading Opportunities for the week beginning 6-12-21

5 дек. 2021 г.

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 6-12-21


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.

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

This week, I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend.

CAUTION - On account of the Omnicron scare, the markets would remain volatile so please be very careful while finding and initiating the trades. Risk management is the key to survive in such markets.

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. And from this week, I have also filtered the sectors based on Monthly candles. Here are the likely candidates for the week -

SECTORS LOOKING GOOD FOR LONG / SHORT POSITIONS-

In case the sectors break the current RSI and Support levels, these could become good candidates for taking short positions. Please keep your mind open accordingly. If you are not using the Futures & Options instruments, please focus only on the Long or Buy trades only. We should only focus on what works for us and not follow anyone blindly.

Considering the Monthly Charts, the following sectors look good:

Auto
Bank Nifty
CPSE
Financial Services
FMCG
Media
PSE

Considering the Weekly Charts, the following sectors look good:

Auto
CPSE
Infra
IT
Media
PSU Banks
Realty
Services

If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates.

WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17006

Adani Ports
BPCL
Coal India
Infosys
Nestle
TCS
UPL
Bosch
HPL
Alembic Pharma
Bayer Crop
Idea
Nazara
Sun TV






The market is at an indecisive phase and the FIIs keep selling despite good global cues as well. Keeping this in mind, I have reduced my coverage of Swing Trading Opportunities to mainly Nifty 50 and Bank Nifty stocks and have included some of my holdings that are available at a good risk reward ratio. During the week, I already have many scrips in small quantities as these have been beaten down from their ATHs or Swing High.

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,

4-12--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.