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Swing Call Analysis for 24th May 2021

swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021
swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021

COMMENTS:

RSI: RSI ia at 61 levels. Stock is around its resistance. We can see an upside movement in the coming 2 weeks if it broke its resistance. 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 good amount of volume. If it sustained at this level we can see a strong bullish trend. To cut down the risk traders can enter it when it breaks the level of 350.

Volume: Volume is near its average volume.

swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021
swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021

Comments:

RSI: RSI ia at 71 levels. The stock has given a breakout. Risky traders can take a trade at a given entry price.

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

Bollinger Bands: Stock has crossed the upper Bollinger band with a great volume. Stock is currently on its all-time high risky traders can enter the trade but to cut down the risk, we can wait for the stock to retrace and then enter to it

Volume: The volume of the stock is much above its average volume.

NIFTY 50 ANALYSIS
swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021

COMMENTS:

1.On 21st May 2021. Nifty opened at 14,987.8, made a high of 15,190 and a low of 14,985.85. It was a good bullish candle, it is near the upper Bollinger band. Nifty is around its all-time high that is 15,431.30.

  1. On daily charts, Nifty looks to go on an uptrend as RSI is around 60.3 it means nifty can show upward movement in the upcoming days.
  2. As Nifty breaks out the levels of 15,000 but to get a clear uptrend movement, it has to sustain these levels if it doesn’t sustain we can see nifty to go on the consolidation zone again. As it’s near the all-time’s high we can see a retracement from it. Nifty needs to cross the upper Bollinger band to go on the strong uptrend.

 

swing-call-analysis-for-24th-may-2021
Swing Call Analysis for 24th May 2021

COMMENTS:

  1. On 21st May 2021. Bank Nifty opened at 33,559.8, made a high of 34,694.45 and low of 33,559.75, and closes at 34,606. It was a gain of 3.82% from the previous closing. It has crossed the upper Bollinger band which gives a clear breakout.
  2. Previously Bank Nifty was near the upper Bollinger band and afterward, it retraced from there but this time it has to brake the band which is a strong bullish signal. RSI is around 61.5 which says Bank Nifty can move forward in the uptrend.
  3. As Bank Nifty breaks out the levels of 34,000, we can see a bullish trend from here up to the levels of 37,000 which was its 52 weeks high.

 

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