SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 22-11-21
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.
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
For you to get a better perspective of the reasons behind this week’s post, I recommend that you read/watch the video on the Weekly Analysis of Indices posted by me separately. This week is different than usual as we had only a 4 day week trading week whereas the world was open on Friday as well and a lot has happened on that day in the global markets due to reimposed lockdown in Austria and likely actions by other European countries.
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 -
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Consumption Commodities FMCG Pharma Private Banks
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17764
Abbot India Adani Enterprises Adani Green Endurance ICICIGI Kajaria Ceramics PI IND SpiceJet Tata Communications TWL WABAG Bayer Crop Biocon Castrol Idea IRCTC Sharada Crop Asian Paints BPCL Cipla Nestle SBI Life PNB
Please note that there may be variations in sectors/scrips this week so please and as long as the low of 17688-650 is held by Nifty on a closing basis on 22/3 Nov, the above may hold good. In case the levels are breached, you will need to reassess the trade plan in line with the prevailing market conditions at that time and your risk appetite.
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,
20-11--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.
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