SWING ANALYSIS FOR 15 February, 2021.

COMMENTS:

1. RSI – RSI is at 71 levels. It has just entered the overbought zone and still looks bullish. Risky traders can take a trade at this range.
2. Volume – Volume is consistent and above average. Indicating a Bullish trend.
3. Bollinger Bands – Stock is trading between upper Bollinger band and 20-SMA band. This indicates a bullish trend.

 

COMMENTS:

1. RSI – RSI is at 65 levels. It is about to enter the overbought zone and still looks bullish
2. Volume: Volume is consistent and above average.
3. Bollinger Bands – Stock is trading between upper Bollinger band and 20-SMA band. This indicates a bullish trend.
4. Moving Average: 5-SMA line has crossover 20-SMA line in weekly charts.

 

COMMENTS:

1. RSI – RSI is at 62 levels. It is about to enter the overbought zone and still looks bullish.
2. Volume: Volume is consistent and above average.
3. Bollinger Bands – Stock is trading between upper Bollinger band and 20-SMA band. This indicates a bullish trend. A stock might run the upper Bollinger bands.

 

COMMENTS:

1. RSI – RSI is at 67 levels. It is about to enter the overbought zone and still looks bullish.
2. Volume: Volume is consistent and above average.
3. Bollinger Bands – Stock is trading between upper Bollinger band and 20-SMA band. This indicates a bullish trend. The stock might run the upper Bollinger Bands. Stock is about to make new High.
4. Moving Average: 5-SMA line has crossover 20-SMA line in weekly charts.

 

NIFTY ANALYSIS

COMMENTS:

1. As mentioned last week, Profit booking was observed at 15,200 levels. On Friday, Nifty gained strength in the morning but by afternoon volatility and profit, booking took place. Nifty closed at 15,163.30.
2. The previous analysis stands valid and still. If the market moves above 15,250 first target would be 15,500. Long term target would be 16,800
3. Nifty formed Doji kind of Pattern on Daily charts closing and Small Bullish Candle was observed on Weekly charts closing.
4. The major news of the week –
   1. a) Banks provisioning in Q3 rises 10% sequentially.
   2. b) Indian Banks say customers might face service disruptions this weekend due to Software migration (avoid transferring money)

   c) SBI targeting Rs. 10-Lakh crore home loan book over Five years