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Swing Call Analysis for 31st May 2021

swing-call-analysis-for-31st-may-2021
Swing Call Analysis for 31st May 2021
swing-call-analysis-for-31st-may-2021
Swing Call Analysis for 31st May 2021

COMMENTS:

RSI: RSI is at 68 levels. The stock has given the breakout after being in consolidation for several months. We can see an upside movement in the coming 2 weeks. 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-31st-may-2021
Swing Call Analysis for 31st May 2021
swing-call-analysis-for-31st-may-2021
Swing Call Analysis for 31st May 2021

Comments:

RSI: RSI is at 71 levels. The stock has given a breakout in the weekly 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 year. We can see that it continues its trend. Previously whenever the stock has cut the upper Bollinger band it has sustained that level.

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

NIFTY 50 ANALYSIS
swing-call-analysis-for-31st-may-2021
Swing Call Analysis for 31st May 2021

COMMENTS:

1.On 21st May 2021. Nifty opened at 15,421.2, made a high of 15,469.65 and a low of 15,394.75. It was a small bullish candle, it is near the upper Bollinger band. Nifty is around its all-time high that is 15,469.15.

  1. On daily charts, Nifty is in an uptrend as RSI is around 66.3 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 in all-time high and a previous couple of days the candle size is getting shorter which gives a strong signal for a retracement from here. Monday’s candlestick is very important which will give us the signal that nifty will be moving up from here or going to retrace.
swing-call-analysis-for-31st-may-2021
Swing Call Analysis for 31st May 2021

COMMENTS:

  1. On 28th May 2021. Bank Nifty opened at 35,345.65, made a high of 35,436.65 and a low of 34,977.20, and closes at 35,141.45. It was a gain of 0.13% from the previous closing. It near the upper Bollinger band which gives a strong resistance for Bank Nifty.
  2. Previously when Bank Nifty has given the break out of the upper Bollinger band and afterward it retraced from there, this time Bank Nifty has given a good bullish rally from past 7 days as said in the previous swing calls. RSI is around 63.8 which says Bank Nifty can move forward in the uptrend.
  3. As Bank Nifty breaks out the levels of 34,000, it again breaks the upper Bollinger band we can a good upside movement this week also but if it did not cross the band then is this week we can see range-bound in Bank Nifty.

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