Swing Trading Stocks For the Next Week!
Nifty Overview :
In Last Trading Session, Nifty closed at 17879. Nifty is at resistance. As predicted last week Nifty can touch 17800 and CMP is just above it which is resistance for Nifty. Next Resistance for Nifty is 18060 levels. If it sustains current level, Nifty can turn negative until that Nifty may remain in selling pressure at current levels.
Nifty support is at 17500 levels. If it does not hold that level then it can go further down.
There are many trading opportunities in the market as Headline Index which is Nifty and Bank Nifty is in uptrend, Let’s Discuss them.
1. Ami Organics Ltd.
Technical View:
Ami Organics Limited is one of the leading research and development-driven manufacturers of specialty chemicals..
The company with strong financials and unique product preposition makes stock good to invest for long-term as well as short-term.
Currently stock has breakout of falling trendline with above average volume with RSI above 68.
Good Entry Point would be 955-970 for the upside target of 1080 and 1180 which is 14-24% upside form current level, one can put stop loss of 860-880 on downside.
2.Tata Motors Ltd.
Technical View:
Big Gap-up in tata motors stock’s price as company Posts Robust 8% Growth in Global Wholesales for Q4FY2023 and JLR Raised Its Q4 FCF Guidance Sharply, Driven By Strong Volumes In March Quarter, management believe Deleveraging Play In 2023 & EV Scale-Up Play In 2024.
Weekly closing above 450 after a very long 6 months with heavy volume, open up target of 490 and 530 for this counter and keep stop loss of 400.
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Sources: tradingview.com
https://trade.angelone.in/?sbTag=THAU&referrer=THAU::rne_source=B2B_NXT::btype=SVRQ
