Swing Trading Opportunities for W/B 30-8-21

TRADING WATCHLIST FOR W/B 30-08-21

INTENT

I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.


ON MY WATCHLIST FOR W/B 30-08-21 --

This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -

WEEKLY TIME FRAME- FOR LONG POSITIONS

COAL INDIA
DR REDDY
HDFC
HINDALCO
RELIANCE
SHREECEM
TATAMOTORS
BANDHAN BANK
PNB
RBL BANK
HDFC AMC
AB CAPITAL
ABFRL
BAJAJ AUTO
OMAXE
RECLTD
ATUL AUTO
DAAWAT
HONAUT
MOTILALOFS
MUNJAL AUTO
RANE ENGG


Even though on a weekly basis Nifty has made an ATH close, as can be seen, there are many leading scrips that offer good risk-reward opportunities for swing trading. I wish I was able to deploy more funds.


SECTORS LOOKING GOOD FOR LONG POSITIONS-

COMMODITIES
CPSE
ENERGY
GROWTH
METALS



Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.


I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.

In case you are able to spot the setup and the trade basis, please do share so that together we can learn.

Thank you for your time and Happy Learning,

Umesh
29-08-21

Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
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