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INTENT
The intent is to share my analysis and help you learn and identify the scrips of your choice on your own. These have been identified from the watchlist of around 150+ stocks that I scan through every weekend using the weekly charts. This helps me narrow down the tradeable watchlist for long-only trades for the next few days.
Important Note:
EOD as of 11-11-22 18349 & SGX Nifty EOD 11-11-22 18488.
Anyone who just read the SGX Nifty number would be jumping with joy and there is every reason for doing so. However, SGX Nifty is only somewhat reflecting the sentiment based on the US market close for the week. But unlike the earlier occasions, this week the situation is a bit different as has closed above 42100 which is an ATH close.
Based on the weekly analysis of the stocks listed in my watchlist, I find that there may be a few potential opportunities available in the week beginning 14-11, and here are the names of the stocks:
- Axis Bank (NS:)
- Divis Labs
- HCL Tech (NS:)
- Nestle (NS:) India
- Tech Mahindra (NS:)
- UPL (NS:)
- Wipro (NS:)
- Gujarat Pipavav (NS:)
- Angel One (NS:)
- Aavas Financiers
- RBA
- RBL Bank (NS:)
- Godrej Properties (NS:)
- Adani Power (NS:)
- Biocon (NS:)
- Lupin (NS:)
- Voltamp
- Wendt India
Here is the video that explains the basics of selecting potential candidates:
https://youtu.be/ueJWAUj_IMo
Conclusion:
I am somewhat surprised to see that there are not many potential opportunities to be sighted despite Nifty closing above 18300 and Bank Nifty closing at its ATH at 42000+. This indicates that the rally has been driven by a few stocks and or sectors and is not market-wide. To this extent, I am unsure if these levels may be held on to during the week ahead.
Please note that I may or may not trade any or all of the names as it depends upon my trade plan. I encourage you to take only calculated risks in line with your trade objective and risk appetite.
Note:
Not SEBI Regd & this post has been shared purely for educational and informational purposes only.
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