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Swing Call Analysis for 26th April 2021

swing-call-analysis-for-26th-april-2021
Swing Call Analysis for 26th April 2021
swing-call-analysis-for-26th-april-2021
Swing Call Analysis for 26th April 2021

COMMENTS:

RSI: RSI ia at 73 levels . Stock still looks bullish. Risky traders can take a trade at given enrty price.

Moving Averages: 5 SMA has crossover 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. It can run the upper bollinger bands. Stock can experience a Bull run and cross its 52-week high.

Volume: Volume is consistently increasing and above average.

swing-call-analysis-for-26th-april-2021
Swing Call Analysis for 26th April 2021
swing-call-analysis-for-26th-april-2021
Swing Call Analysis for 26th April 2021

COMMENTS:

RSI: RSI ia at 70 levels and about to enter the overbought zone. Stock still looks bullish. Risky traders can take a trade at given enrty price.

Moving Averages: 5 SMA has crossover 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. It can run the upper bollinger bands. Stock can experience a Bull run and cross its 52-week high.

Volume: Volume has given a spike and is above average.

Breakout: Stock has recently given a breakout from a range bound trading. Stock has successfully converted the past resistance as support.

NIFTY 50 ANALYSIS
swing-call-analysis-for-26th-april-2021
Swing Call Analysis for 26h April 2021

COMMENTS:

  1. Nifty remained volatile throughout the trading session on 16th April, 2021. Nifty, after opening lower at 14,326.35, made an high of 14,461.15 and low of 14,273.30.
  2. Nifty 50 finally settled at 14,341.40, down 64.80 points. On daily charts, before signing off the session, Nifty ended with a DOJI kind of indecisive candlestick. On weekly charts too Nifty ended the session with a DOJI candlestick, indicating neutral view.
  3. Nifty needs to break 14,700 levels too develop a fresh uptrend. As discussed last week, a close below 14,300 can indicate bearishness but 14,300 level is acting as a great support.

 

 

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1 thought on “Swing Call Analysis for 26th April 2021”

  1. Hi sir, like to hear from you. I am mmtc student. As a safe trader, one should enter trades only when stock gave a 2 or 3 pattern candle at bottom line Bollinger band, rsi is also over sold? Or any more technical analysis to check.

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