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 it out if any of these fit your trade plan.
ON MY WATCHLIST FOR W/B 6-9-21 --
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- FOR LONG POSITIONS
ADANI PORTS BAJAJ AUTO COAL INDIA HERO MOTO KOTAK BANK ONGC BANDHAN BANK IDFC FIRST BANK BOSCH ALEMBIC PHARMA DR REDDY AUROPHARMA CHALET DAAWAT GLENMARK HINDPETRO ICICIGI KSCL LIC HOUSING MRF OIL RAYMOND
There are plenty of opportunities out there even after NIFTY hitting 17300+. So, please review your funds position, have a look at the indicator that fits you well and plan for investing / trading per your risk appetite.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
AUTO BANK NIFTY COMMODITIES CPSE ENERGY GROWTH METALS MIDCAP50 MIDCAPLIQUID PHARMA PSE
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.
Thank you for your time and Happy Learning,
Umesh 5-9-21
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.
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