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Swing Call Analysis for 3rd May 2021

swing-call-analysis-for-3rd-may-2021
Swing Call Analysis for 3rd May 2021
swing-call-analysis-for-3rd-may-2021
Swing Call Analysis for 3rd May 2021

COMMENTS:

RSI: RSI ia at 74 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-3rd-may-2021
Swing Call Analysis for 3rd May 2021
swing-call-analysis-for-3rd-may-2021
Swing Call Analysis for 3rd May 2021

RSI: RSI ia at 75 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-3rd-may-2021
Swing Call Analysis for 3rd May 2021
swing-call-analysis-for-3rd-may-2021
Swing Call Analysis for 3rd May 2021

COMMENTS:

RSI: RSI ia at 75 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.

NIFTY 50 ANALYSIS

COMMENTS:

swing-call-analysis-for-3rd-may-2021
Swing Call Analysis for 3rd May 2021
  1. Nifty50 after a continuous bull rally, snapped on 30th April, 2021. Nifty, after opening lower at 14,747.35, gradually made a low of 14,674.45.
  2. Nifty 50 finally settled at 14,631.10, down 263.80 points or 1.77%. On daily charts, before signing off the session, Nifty ended with a long bearish candlestick. On weekly charts, Nifty ended the session with a Bullish candle.
  3. Nifty needs to hold 14,600 levels to rebound or else it can see a bear run till 14,450 levels. On the contrary, a close above 14,850-14,900 can be seen as sign of strength.

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