#012 | Swing Trades for the Week

The Mars now?

The complete idea behind this newsletter is not to make you think of it as a ‘get rich quick scheme’. If you’re reading this, you have already gone through the description and the disclaimer in detail.

Also, this is the effort of multiple stakeholders involved with Alpha Swing. My job is to hit send.

Let’s dive in.

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Important - Typically, a buy trigger is initiated when the hourly candle closes above Friday’s closing price.

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Nifty

Nifty hourly chart - After moving up in the channel, now it is in the range of 15000-15250

These levels are important for next week too, break on either side can decide the trend.

BankNifty

Banknifty is also testing these zones for some time now.

These are important levels for next week too ( 35500-36500).

Atul

In the weekly charts, Atul has been consolidating in the marked range with a closing above the marked box.

This gives us bullish bias for the stock.

Let’s look at the daily charts.

In the daily charts, a converging triangle pattern has been formed with a strong confirmation candle on the upside.

This adds to our bullish bias for the stock.

Vinati Organics

In the weekly charts, Vinati has been taking strong support on the marked trendline.

This gives us bullish bias on the stock.

Let’s look at the daily charts now.

In the daily charts, the stock has formed a cup and saucer pattern with a strong closing above the marked resistance level.

This adds to our bullish bias for the stock.

Goldiam Industries

In the monthly charts, Goldiam has managed to close above the marked resistance level with a strong confirmation candle.

This creates a bullish bias for the stock.

Let’s now look at the daily charts.

It is a monthly breakout, this is good for the long term too till we are above the highlighted area of 180-200.

The uptrend is supported by strong volumes and the MACD is also positive. This adds to our bullish bias for the stock.

As a rule of risk management, please ensure the position sizing is as per your risk levels and ensure that the day’s low is used as a stop loss for trading.

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Last Week’s Performance

#011

Disclaimer

The data/information available on this newsletter is for the purpose of information only and one needs to rely on their own judgment while making any decisions including investment decisions.

Any investments discussed or recommended are not intended to offer or solicit an offer to buy and/or sell any securities mentioned on this newsletter and/or is not an official confirmation of any transaction.

No content on this newsletter should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author / contributor accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

Alpha Swing does not provide SEBI registered investment advice.