MMTC Student’s weekly Journal: Swing Call Analysis for Week Starting 4th Jan 2021

Congratulation to all 4000+ Students of Money Making Trading Course by Tushar Ghone, now we are family!!! At this milestone, we are providing new facilities of “Weekly Journal” which includes swing call analysis for study purposes.

Swing trading is a style of trading that attempts to capture short to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks.

For this swing analysis, we have manually scanned and analyzed stocks from the list of stocks in the F&O and Midcap 100 sections on the basis of Bullish price patterns.
Our main aim is to enhance student’s financial knowledge and teach them profitable trading strategies.

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1. Swing call analysis of top 3 Large Cap Stocks from F&O List

1. Stock: Bajaj Auto

Sr No.	Stock	Calls	Weekly
1	Bajaj Auto	Trade Type	Swing Call
		Entry	3483
		Stop Loss	3418
		Target	3543
		Duration	2-3 weeks

Comments:

1- Stocks are riding the upper bands of Bollinger bands, indicating bullish momentum in the stock.

2-RSI is at 69 levels, it has still room to grow till 75-80 levels

3- There is not any variation in volume, indicates trend continuation 4- Recent bullish engulfing candle validates trend continuation

 

2. Stock: HDFC AMC

Sr No.	Stock	Calls	Weekly
2	HDFC AMC	Trade Type	Swing Call
		Entry	3016
		Stop Loss	2866
		Target	3166
		Duration	2-3 weeks

Comments:

1-Stock is riding above the upper levels of Bollinger bands, indicating bullishness in the stock

2- RSI is at 69 levels, there is still room to grow till 75-80 levels

3-No sudden variation in volume indicates trend continuation 4- It has broken an important resistance level in weekly charts, showing bullishness in the stock

 

3. Stock: Canara Bank

Sr No.	Stock	Calls	Weekly
3	Canara Bank	Trade Type	Swing Call
		Entry	133
		Stop Loss	126
		Target	142
		Duration	1-2 weeks

Comments:

1- Stock is riding close to the upper level of Bollinger bands, indicating bullishness in the stock

2-RSI is at 65 levels, still, room to reach till 75-80 3-Stock broke resistance level of 130 with good volume

 

2. Swing Call analysis of top 3 Mid Cap stocks from Nifty Midcap100

1. Stock: L&T Finance

Sr. No.	Stock	Calls	Weekly
1	L&T Finance	Trade Type	Swing call
		Entry	97
		Stop Loss	90
		Target	112
		Duration	1-2 weeks

Comments:

RSI – RSI is near the overbought zone and still looks bullish. Risky traders can take a trade for an upcoming bull run.

Volume – Volume is consistent and can increase with the increase in price.

Bollinger Bands – Stock has given breakout from consolidation and is trading between 20-period SMA and upper Bollinger bands indicating a bullish trend. The stock is all set to run the bands.

 

2. Stock: Bharat Electronics ltd

Sr. No.	Stock	Calls	Weekly
2	Bharat Electronics ltd	Trade Type	Swing call
		Entry	126
		Stop Loss	115
		Target	143
		Duration	1-2 weeks

Comments:

RSI – RSI is near 67 levels and all set to enter the overbought levels of 80-100. This indicates bullishness and risky traders can take a trade at these levels.

Volume – Volume is consistent and above average.

Bollinger Bands – Stock is trading between 20 SMA and upper Bollinger band. It is all set to run the upper Bollinger bands indicating an uptrend.

 

3. Stock: Cholamandalam

Sr. No.	Stock	Calls	Weekly
3	Cholamandalam	Trade Type	Swing call
		Entry	412
		Stop Loss	390
		Target	440
		Duration	1-2 weeks

Comments:

RSI – RSI is in the overbought zone but the stock is all set to make a new high. Risky traders can take a trade at these levels.

Volume – Volume is consistent and above average. It can increase with the increase in price.

Bollinger Bands – Stock is trading between 20 SMA and upper Bollinger band. It is all set to run the upper Bollinger bands indicating an upward move.

 

3. Sector Analysis for Nifty50 and Nifty Auto

1. Sector Analysis for Nifty 50

 

Comments:

1 – The index formed a bullish candle on the daily and weekly charts.

2 – Index can attempt to move towards 14200-14300 levels and find a strong support near 13800-13700 levels. Although, the structure of charts indicates the uptrend.

3 – The real bodies have shrunk forming ‘Doji’ candles, indicating indecision and pause.

 

2. Sector analysis for Nifty Auto

 

Comments:

1- On weekly charts, Nifty Auto is at the important resistance level of 9280.

2-As there is some positive news of the growth of sales in the auto sector there is a huge possibility it can break this resistance level.

3-Before reaching the resistance of 9280, it has taken support at the 38.2% Fibonacci level. It indicates bullishness in the sector.

4-Auto companies such as Maruti Suzuki’s total sales increased by 20.2% YoY at 160,226 units. Domestic sales were up 19.5% YoY at 150,288 units. Exports increased by 31.4% YoY to 9,938 units 5- For Ashok Leyland, it’s total sales increased 14% YoY to 12,762 units. Domestic sales were up 14% YoY at 11,857 units. Exports increased by 14% YoY to 905 units.

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