Indian stock market - Swing Trading

 Stock Ticker = Bhagyangr Buy Range = 100 - 105 Stoploss = will average after confirmation*.  Why I will average instead of SL? - fundamentally good stock - This is in copper sector. Good demand in coming quarters of copper  Chart of Bhagyangr

 Long Canara Bank stock: 1st Buy Range (420 - 480) Monthly Chart of Canara Bank Why Buy Canara Bank? Technical Reasons: 1) Strong momentum 2) Breakout is there on Monthly time frame from 430 Fundamental Reasons: 1) has a good dividend yield 2) available at low valuation/ low PE. Current PE is around 6 Macro Reasons: 1) Banks NPA are low and manageable  2) India's GDP to grow around the range of 5% to 7% per year for a decade. It itself is a very positive sign for the banking sector has a whole.

 Long SAIL Stock: Buy Price range (120 -125) weekly chart of SAIL Why Invest in SAIL: - Metal sector looks good for 2024 and 2025.  - Stock also pays good dividend - has set a target to become a zero debt company

 SHORT :  TVSMOTOR Stoploss = 753 Sell Price = 741 Keep trailing SL, when the trade goes in our favor. ( To see the exact trail SL, do check google sheets) 1-Day Chart of TVS MOTOR

 Buy Bajaj-auto buy price= 3175 Stoploss = 3120 1 day chart of Bajaj Auto

 buy = 27.70 stoploss = 25 target = 30, 35 , 40 1 day chart of radiocity

 buy Lemontree buy = 42.50 Target = 51 stop = 39.20 1 Day chart of Lemontree

 # This blog is all about Swing Trade, but today I will give you one stock which you can buy and hold for long term say at least 2 years The stock is DLF Monthly Chart of DLF Why DLF? The stock is currently ( 7th Feb 2021) trading around 300. it has recently broken the multi-year resistance. the potential of this stock looks huge. in the coming years, it might reach the level of 1000. therefore, you should buy this stock around 300 and hold it for about 2 years. ---------------

 BUY Irctc Stock buy = 1550 target = 1800 Stoploss = 1450 Risk points = 100 Reward points = 250 Daily chart of IRCTC stock

 Buy JISLJALEQS ( Jain irrigation ) Buy = 21 stop = 16 Target= 40 Weekly chart of jain irrigation

Buy CARERATING Buy = 530 Target = 700 stop loss = 480 1 Day chart of Carerating  Why carerating is a buy? The stock is consolidating for the last 30 days. the price level of around 530 is a critical price zone. once, it breaks the level of 560, the next target maybe 700. overall, based on other parameters, this stock is a good buy with a pre-defined stop of 480.

 Buy CDSL BUY = 495 STOP = 470 TARGET = 570+ ---------- Daily Chart of CDSL Why CDSL is a buy? This stock is on the verge of an amazing breakout. Also, the stock witnessed some profit booking last month ( October 2020). The stock looks strong on weekly as well as monthly chart. This stock is a buy at 495 with a stop of 470. The target price for this stock is 570+

 Buy RELAXO BUY = 725 STOP = 675 TARGET = 850 --------- Weekly chart of RELAXO Why RELAXO is a buy? The all-time high of Relaxo is 830. A few weeks ago the price level of 650 acted as strong support. The stock recently gave a breakout from the short term resistance of around 680.  The present momentum of this stock seems to sustain and continue. stock is a buy at 725 with a stop of 675. The target price is 850. 

 Buy BANCOINDIA BUY = 105 STOP = 85 TARGET 1= 150 , TARGET 2 = 180 ----------- Weekly Chart of BANCOINDIA Why BANCOINDIA is a Buy? The price zone of 105 to 120 is a major resistance zone for bancoindia, since July 2019. The stock witnessed some serious consolidation in the last few weeks. A breakout is possible if momentum sustains. Once the price level of 120 is pierced, the target of 180 seems possible. But the target of 150 is well within reach. Therefore, we have provided two targets that are 150 and 180. Partially profit booking should start from 150.  This stock is a buy at 105 with a stop of 85. The first target is 150 followed by a second target of 180.

 Buy BBTC BUY = 1250 STOP = 1150 TARGET = 1500 Weekly Chart of BBTC Why BBTC is a buy? The price level of 1400 was a strong resistance for this stock since 2019. However, the stock witnessed a breakout around this level in the month of August 2020. Since then the stock witnessed some profit booking. Now the stock is consolidating around the levels of 1250.  This stock is a buy at 1250 with a stop of 1150. The target is 1500.

 Buy INFRATEL  BUY = 180 STOP = 173 TARGET = 200 Daily chart of INFRATEL Why INFRATEL is a buy? For about the last 10 to 12 trading days, this stock has witnessed some selling pressure. But the price level of 175 is a good short term support on the daily chart.  This level can be a short term reversal zone. Hence, this stock is a buy at 180 with a stop of 173 and a target of 200.

Buy GTPL with a stop of 109 BUY = 117 STOP = 109 TARGET = 140 ______________ Why GTPL is a buy? This stock registered a whopping gain of about 60% within 15 days in the month of October 2020. After this rise, the stock consolidated. There is strong support at the price level of 110.  The stock is expected again to reclaim its recent high of 140. This stock is a buy at 117 with a stop of 109.   Daily chart of GTPL  

Buy JSLHISAR With a stop of 90 BUY = 107 STOP = 90 TARGET = 150 Monthly chart of JSLHISAR Why JSLHISAR is a buy? The stock is currently trading around 107 ( November 9, 2020). The stock is in strong upward momentum since August 2020. This stock is a good buy at 107 with a tight stop loss of 90. The target for this stock will be 150.

 Buy CSBBANK with a stop of 220 BUY = 255 STOP = 220 TARGET 1 = 300, TARGET 2 = 330+ Daily Chart of CSBBANK Why CSBBANK is a buy? This stock was trading in the range of 215 to 235 since mid-August, 2020. On November 6, this stock closed at 255. Thereby giving a breakout.  This breakout is backed by a solid consolidation of about 3 months. This stock can be expected to touch a level of 300. At the level of 300, it may further consolidate before moving again upward. Our second target is 330+.

 Buy SITINET with a STOP 0.20 BUY = 0.50 STOP = 0.20 TARGET = 1.5 + Daily Chart of SITINET Why SITINET is a buy? The price level of 0.50 is very strong support. This support was also respected during the march, 2020 mayhem. Our analysis says that a v shape recovery is possible. Above all, based on our confidential trading system, this stock is a buy at 0.50 with a stop loss of 0.20.

 Buy TRIDENT with a STOP OF 7.05 BUY= 7.55 STOP = 7.05 TARGET = 10+ Monthly Chart of TRIDENT Why trident is a buy? The price level of around 7 was a strong resistance since 2018. But the October 2020 momentum has clearly pierced this resistance level. Now, it looks like the momentum will continue further. During the coming few weeks/ months time, it can be expected that trident reaches the level of 10+

Buy PVR with a stop 1036. buy = 1068 Target = 1185 Stop = 1036 1 Day Chart of PVR Why PVR is a buy? The levels of 1050 is a good support for PVR. On October 28, the stock witnessed some buying after a few days of continuous selling pressure. Also on October 29, the stock holds the crucial level of 1050. The stock may likely see some reversal from this point. Our target is around 1185 with a stop of 1036.

The recent mayhem in the global equity market is mostly attributed to corono virus .  Nifty corrected about 25% with a massive sell off in few trading sessions . Many financial listed firms especially banks may see a further hit in their stock prices because the business cycle may take a standstill . The fall of nifty   from about 12200 to 8900 is quite steep in the last few years . The obvious comparison of these steep fall would be the year 2008. But the crash of 2008 and that of 2020 are entirely different . 2008 was all about banks , funding and very concentrated risks . On the other hand , the crash of 2020 is all sudden resulting in halt of a number of businesses . Also there was a severe liquidity crisis back in 2008 . But during this crisis , the reverse holds true. There is ample of liquidity in the current scenario . Recently , fed announced to cut the interest rates to zero in the usa. The global stock market would not recover easily . The aviation industry is severely impac

Dhfl , a quality stock with good track record  delivered phenomenal returns from 2016 to Aug. 2018. But things changed thereafter . the month of September , 2018 changed things upside down . during this month , the scrip opened at 669 , made high of 691 , then started crashing down , made a low of 252 and closed at 274 . all this happed in a time span of one month . With the benefit of hindsight , one lesson from this episode is to have a pre determined exit level. Before entering a trade for whatever timeframe ( be it one day or 10 years ) , its important to have exit levels , analysis of risk . etc . if these things are thought beforehand , one can let the profits run , with less bothering. Many traders/investors think that , the falling stock will rebound from these levels but 95% or more of the time , the stock price does not . again they think , this time it will rebound from such levels  , but that too doesn't happen . this fantasy goes on , until their loss becomes very hu

The stock recorded an all time high of 600 in late 2018. After that it crashed down due to some negative news . as of may 31 , the scrip trades at 77 i.e. stock depreciated about 87% , making it one of the worst performing stock. However , Pc jewellers delivered a return of around 100% in April , 2019 ( movement from 80 to 163 ) but again depreciated in may and currently trades at 77 . for some time , its likely to stay in the range of 40 - 80 with some random unsustainable spikes. Q ) Pc jewellers by 2020 ? Most probably in the range of 40-80 , unless major restructuring . Q ) How will it again reach its all time high ? The stock should rise gradually till the levels of around 250 as it did in 2014 - 16 . major resistance will be in the range of 250 - 280. Once it crosses this range with good momentum , the next stop perhaps may be the all time high . but this journey might take about 5-8 years . Q ) Entry signal i

One of the favourite stock of d-street in 2017 and 2018 was HEG. this stock zoomed 1127% in 2017 . the company is a graphite electrode manufacturer . no matter , which news plays out , price factors out everything. Hence the saying reasons can wait , price wont . If one analyses , the price history of HEG from 2009 to 2019 . for about 8 years , the stock from 2009 to early 2017 , the stock price was in the range of rs 420 to rs. 110. The stock started its upward movement from mid 2017 and reached its zenith in the month of October 2018 to rs. 4955 . the bulls had a fantastic ride , only to dump latter ( probably ) . As of may 31 , the stock closed at 1730. The take , is how to ride this type of stocks , what are the risks , what would be suitable entry and exit levels , how to find these stocks . with the benefit of hindsight and other stock analysis ; these are some inferences - How to find these stocks First characteristic is that , these stock remain in a range for a

For every trader/investor in the stock market , the first challenge is to identify the entry and exit levels, with a proper analysis of risk. 2nd challenge is executing the decisions , without being influenced by emotions while on trading screen , others opinions etc. Its true that buy right & sit tight approach is perfect . however , when one uses support and resistance for entry or exit , probability of higher returns become more pronounced. Timing is very important in stock market . there are many approaches to identify support and resistance based on technicals and others . two important approach to identify SUPPORT AND RESISTANCE are based on ma ( moving average ) and price action. Each have their own pros and cons. 1. Moving average Pros -    mostly ma levels are obeyed by non volatile stocks under normal conditions Cons - not applicable in volatile stocks illustrations - Bajfinance for period 2017 to may 2019 The 50 ma on weekly cha

The previous calendar year of 2018 was too volatile . nifty began with the level of 10531 and made a high of 11760 , but this was unsustainable and selling pressure brought the index down to the level of 10862 by the end of 2018. The annual return on the index was 3.2% ( approx ) i.e. about 350 points . major stock market related events of 2018 were - pnb scam , ilfs default and trade tensions. The calendar year 2019 started with levels around 10880 and nifty is currently trading at 11950 as of may 30 , 2019 . which is gain of about 1050 points . is there any further room for extra stretch ? The answer as obv ious , depends on many factors . the return of bjp government in centre is a major event of 2019 . Reasons to be bullish - earning growth , good Q1 result this fiscal , good monsoon Reasons to be bearish - slowdown in global economy , high valuation of nifty 50 firms overall , pessimistic forecast from IMF on overall economy of the world , volatility Overall If al