fbpx

Swing Call Analysis for 07th June 2021

swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021

 

swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021

COMMENTS

RSI: RSI ia at 67 levels. The stock has given the breakout after being in consolidation for several days. We can see an upside movement in the coming week. Traders can take a trade at a given entry price.

Moving Averages: The 5 day SMA is above the Bollinger Bands 20 days MA Band. . You can keep the 5 SMA Line as trailing stop loss once the target achieved.

Bollinger Bands: Stock has to brake the upper Bollinger band with a good amount of volume. If it sustained at this level we can see a strong bullish trend.

Volume: Volume is above its average volume.

swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021
swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021

Comments:

RSI: RSI is at 74 levels. The stock has given a breakout in the daily chart. Traders can take a trade at a given entry price.

Moving Averages: 5 days SMA is above the Bollinger Bands 20 days MA Band. You can keep the 5 SMA Line as trailing stop loss once the target achieved.

Bollinger Bands: Stock has crossed the upper Bollinger band. Stock is currently on its all-time high. Stock is on an uptrend for the past 1 month. We can see that it continues its trend.

Volume: The volume of the stock is very high from its average volume.

NIFTY 50 ANALYSIS
swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021

COMMENTS:

1.On 4th June 2021. Nifty opened at 15,712.50, made a high of 15,733.6 and a low of 15,622.35. It was a small bearish candle, it is near the upper Bollinger band. Nifty is around its all-time high that is 15,733.35

  1. On daily charts, Nifty is in an uptrend as RSI is around 70.31 It means nifty can show retracement from here in the upcoming days.
  2. As Nifty breaks out the levels of 15,000, it has given a clear uptrend movement in the past week. As nifty is an all-time high nifty is in an uptrend from the past 2 weeks and it’s like to continue this trend. Nifty will break its record high in this coming week. Though RSI signals that nifty is at the overbought zone but due to global cues nifty will be in an uptrend in this week.
swing-call-analysis-for-07th-june-2021
Swing Call Analysis for 07th June 2021

COMMENTS:

  1. On 4th June 2021. Bank Nifty opened at 35,657, made a high of 35,810.9 and a low of 35176.15, and closes at 35,291.65. It was a loss of 1.00% from the previous closing. It is between the 5-day SMA and the upper Bollinger band.
  2. Bank Nifty is in the consolidation zone after seeing the previous 5 days candle. On watching these candles there is no clear trend that where will bank nifty will go in the upcoming days. As it is trading near its all-time high if there is a breakout we can see that bank nifty will go in an uptrend and vice versa. As the chances for bank nifty to go down is very low.
  3. Resistance for banknifty is 35,700 as it touches this level and retraced from there for the past 3 trading sessions. To remain in the bullish zone Banknifty needs to break these levels this week.

Money Making Trading Course (MMTC) by Tushar Ghone and Amruta 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. We also provide training for the next 6months along with daily Equity and options Analysis on our telegram Channel. https://telegram.me/MMTC123

We at Tstock Mantra Investments by Amruta Tushar Ghone provide complete Financial Planning for an individual i.e., Mutual Funds, Insurance planning, Retirement planning, and so on.

For more information about trading and the stock market visit our blog page.

1 thought on “Swing Call Analysis for 07th June 2021”

  1. Vijay Uttam Shirke

    Dear sir,
    I completed MMTC & MMOC course. Practically it goes very difficult to take dicision. Kindly help.

Leave a Comment

Your email address will not be published. Required fields are marked *

Download Our AppDon't Miss

Greetings from the team of Money Making Trading Course💐

Did you know that Bollinger Bands, developed by John Bollinger in the late 1980s, are one of the most widely used indicators for technical analysis WORLDWIDE?

Enroll in our FREE Bollinger Bands Course and learn:

•The basic concepts of Bollinger Bands
•The different settings available for Bollinger Bands
•Interpretation of Bollinger Bands
•Trading with Entry, Stop Loss, and Target based on Bollinger Band

Scroll to Top
×

Hello!

Click one of our representatives below to chat on WhatsApp  9511709158

× Customer Support