Swing Trading Opportunities for the week beginning 29-11-21

28 nov. 2021

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 29-11-21


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.

CAUTION - Please read this week’s post bearing in mind the fact the market situation has already changed in a day and it may further change by the time you have read and watched the video. So please take due care and apply due diligence before making any buy decision in any of the scrips listed here.

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-



Auto
Commodities
IT
Media
Pharma

If the Covid related negative sentiment persits during the week, IT, Media and Pharma are likely to do better than the other sectors.

There are many sectors such as Private Banks and PSU Banks that have closed around their 50 Weekly MA, however, I have not included them as these would be most sensitive to any negativity that may set in the sentiments.

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

Federal Bank
HDFC
HUL
Infosys
Reliance
Tata Consumer
Tata Steel
UPL
Ajanta Pharma
Emami Ltd
NCC
Laurus Labs
Lupin
Tata Communications
ZEEL
Alembic Pharma





The market is at an uncertain level and as I write this, Maharashtra has kicked in RT-PCR tests or full vaccination as the barriers to entry into the state. This clearly shows that this time around, no one wants to be taken off guard and the market may react suitably as Mumbai is the Commercial capital of the country.

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,

27-11--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.