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Swing Call Analysis for 21st June 2021

swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021
swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021

COMMENTS:

RSI: RSI is at 69 levels. The stock has given the breakout after being in consolidation in the past month. We can see the 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 break the upper Bollinger band with a great amount of volume. It is trading at previous resistance. If it sustained at this level we can see a strong bullish trend.

Volume: Volume is very high from its average volume.

swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021
swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021

Comments:

RSI: RSI is at 65 levels. Stock is trying to break the upper Bollinger band. The stock is in an uptrend for the past couple of weeks.  We can see more 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 is near the upper Bollinger band in weekly charts with a good amount of volume. It has broken the previous high also. If it sustained at this level we can see a strong bullish trend.

Volume: Volume is above its average volume.

swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021

COMMENTS:

  1. On 18th June 2021. Nifty opened at 15,756.5, made a high of 15,761.5 and a low of 15,450.9. It was a hammer candle, the long shadow represents the high buying pressure at this point. That’s why we see high volatility on nifty on Friday. it is between the upper Bollinger band and 5 days SMA. Nifty is around its all-time high that is 15,834.95
  2. On daily charts, Nifty is in the consolidation zone as RSI is around 60.68 It means nifty can show upside moments from here in the upcoming days.
  3. 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 trading in a consolidation zone. In the coming week, we can expect nifty to be traded in the consolidation zone that nifty will be green and red on alternate days clear trend is not seen in nifty in the coming week. At this point, nifty can move to any direction.
swing-call-analysis-for-21st-june-2021
Swing Call Analysis for 21st June 2021

COMMENTS:

  1. On 18th June 2021. Bank Nifty opened at 34,735, made a high of 34,787.4 and low of 33,908.95, and closes at 34,558. It was seen high volatility on bank nifty on Friday. It is between the 5-day SMA and lower Bollinger band.
  2. Bank Nifty is in the consolidation zone after seeing previous weeks’ candles. On watching these candles there is no clear trend that bank nifty will go in the uptrend in upcoming days. Banknifty is not moving in an uptrend like other indexes are making all-time high every day. From here we can see Banknifty move in consolidation or in the downtrend
  3. As the bank nifty has breached the lower Bollinger band we can expect it to go in a downtrend this week so keep a bearish feeling in bank nifty. the 5-day SMA has crossed the 20-day ma of Bollinger band which signals that bank nifty will go in a downtrend in the coming week.

 

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