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Tushar ghone

SWING CALL ANALYSIS 8th FEB, 2021.

swing call analysis

COMMENTS:

1. On 5th February, 2021, Nifty surge to new all-time high. Nifty forms robust bullish candle on Weekly charts and a bit consolidation is seen. Nifty forms DOJI on Daily Charts and indicates indecision.

2. Nifty50 has risen 9% during the week gone by. It hit an intraday record high of 15,014.65 and closed at record high of 14,925.

3. Support can be seen near 14,860 levels. 15,000-15,200 will be the profit-taking zones so if Nifty moves above 15,200 then only you can go long. Trade only with 25% of your trading capital.

4. Major News: RBI allowed retail participation in Govt. securities which can be good for Banks.

F & O Stocks

F & O table

Comments-

Bollinger Bands-Stock is riding close to the upper level of the bollinger bands indicating bullishness in the stock.

RSI– It is at 69 level and expected to reach till 75-80 if the trend continues.

Volume– Volume as slightly declined from the past few sessions that was due to volatility, but nowas volatility is slightly down it is expected trend will continue.

F & O Stocks

Comments-

Bollinger Bands – Stock is riding the upper level , it broke it’s node of 200, and after retesting it has moved up indicates further bullishness in the stock.

RSI – It is at 64 level and expected to move till 75-80.

Volume– There is not any sudden variation in volume indicates trend continuation.

ITC

3 thoughts on “SWING CALL ANALYSIS 8th FEB, 2021.”

  1. PRASHANT PANGANTI

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    1. virang zaveri

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