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

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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.

Money Making Trading Course (MMTC) by Tushar Ghone is committed to providing an Advance level Technical Analysis course with 50hrs training at a nominal price. Our main aim is to enhance student’s financial knowledge and teach them profitable trading strategies. Visit our website.

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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

Bajaj Auto stock Chart

 

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

HDFC Amc Stock Chart

 

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

Canara bank Stock Chart

 

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.

L&T Finance Stock Chart

 

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.

BEL Stock Chart

 

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.

Cholaimage Stock Chart

 

3. Sector Analysis for Nifty50 and Nifty Auto

1. Sector Analysis for Nifty 50

Nifty 50 chart

 

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

nifty auto chart

 

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.

For more information visit our blog page and enhance your knowledge.

 

12 thoughts on “MMTC Student’s weekly Journal: Swing Call Analysis for Week Starting 4th Jan 2021”

  1. Thank you sir for your wonderful analysis and swing / positional trades for stocks with bifurcation. It wl helps us to decide and trade and also synchronise trades.

  2. Permender Rathee

    It is an excellent support and great method for learning by providing example along with earnings.

    Keep it up Sir, really helpful for working people who don’t have to devote much time in screening of stocks.

  3. Avinash Khamkar

    Awesome analysis… perfect time to make money with such swing calls with limited risk.
    Thank you sir it help us a lot…

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