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Swing Call Analysis for 17th May 2021

swing-call-analysis-for-17th-may-2021
Swing Call Analysis for 17th May 2021
swing-call-analysis-for-17th-may-2021
Swing Call Analysis for 17th May 2021

COMMENTS:

RSI: RSI ia at 72 levels. Stock still looks bullish. Risky traders can take a trade at a given entry price.

Moving Averages: 5 SMA has crossover Bollinger Bands 20 SMA Band. You can keep the 5 SMA Line as trailing stop loss once the target achieved.

Bollinger Bands: Stock has breached the upper Bollinger band on the daily chart and weekly chart.

Volume: Volume is consistently increasing and above average.

swing-call-analysis-for-17th-may-2021
Swing Call Analysis for 17th May 2021

Comments:

RSI: RSI ia at 66.12 levels . Stock is in bullish trend for past 15 days. Risky traders can take a trade at given enrty price.

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

Bollinger Bands: Stock is trading between upper bollinger bands and 20 SMA Band. Stock has run the upper bollinger bands on the daily and weekly chart. Stock can experience a Bull run to continue

Volume: Volume of the stock is above average.

 

 

Nifty Analysis :

swing-call-analysis-for-17th-may-2021
Swing Call Analysis for 17th May 2021

COMMENTS:

  1. After 4 days bull rally in Nifty50 , it has retraced from upper bollinger band which is at 15000 levels. On 14th May, 2021. Nifty opened at 14,749.4, made an high of 14,749.65 and low of 14,591.9.
  2. On daily charts, Nifty is in consolidation after being in uptrend for few days it is in the range bound no trends are clear.
  3. Nifty needs to break the levels of 15,000 to get a clear uptrend movement.Still the levels of 14,000 acts as a strong support. If Nifty breaks ths levels we can see that the market will give a correction.

 

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

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

 

 

6 thoughts on “Swing Call Analysis for 17th May 2021”

    1. virang zaveri

      We thank you for your participation and all the best for your investing/trading journey Vimoksh ji

    1. virang zaveri

      We are currently focused on individual stocks and Nifty analysis. Soon we might start with Bank nifty analysis too. For daily updates join our premium telegram group

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