10 stocks to track as budget nears
25Jan, 2023
FinLearn Academy
- The strategy we will be implementing today is Swing
- A swing trading indicator is a technical analysis tool used to identify new opportunities. Swing traders want to profit from the mini trends that arise between highs and lows (and vice versa).
- There are two types of opportunity that a swing trader will use indicators to identify: trends and breakouts
- Trends are longer-term market moves which contain short-term oscillations. Breakouts mark the beginning of a new trend.
Swing Low Positive Cross
- Swing Low Positive crossover is a bullish cross
- When a market hits a low and bounces, providing an opportunity for a long trade
- Let’s look at an example in the chart below ( on ITC a daily time frame)
- When the market bottoms out and rebounds, it offers long trade opportunities .let’s look at a few opportunities in the LIVE market
Time | Scrip Name | Signal | Entry Rate |
20-01-23 | BAJAJ AUTO | BUY | 3551.25 |
20-01-23 | BHARTIARTL | BUY | 758 |
17-01-23 | M&M | BUY | 1304.10 |
17-01-23 | CHOLAFIN | BUY | 675.30 |
20-01-23 | ITC | BUY | 329.5 |
Swing Low Negative Cross
- Swing High Negative crossover is a bullish cross
- When a market hits a peak before retracing, providing an opportunity for a short trade
- Let’s look at an example in the chart below ( on Adani Port a daily time frame
Time | Scrip Name | Signal | Entry Rate |
11-01-23 | ADANIPORT | SELL | 803 |
19-01-23 | ACC | SELL | 2418 |
23-01-23 | AXIS BANK | SELL | 939.7 |
24-01-23 | BIOCON | SELL | 250 |
16-01-23 | HDFCAMC | SELL | 2172.8 |
Awesome, but what’s my takeaway?
- BAJAJ-AUTO, BHARTIARTL, M&M, CHOLAFIN & ITC have given a buy call on a daily time frame (implementing Swing Low Positive cross )
- ADANIPORTS, ACC, AXISBANK, BIOCON & HDFCAMC have given a sell call on a daily time frame (implementing Swing high Negative Crossover)