There are some stock you can analyze for swing trading purpose from the nifty 50 stock list.
AXIS BANK
A worldwide banking and financial services firm based in Mumbai, Maharashtra, Axis Bank Limited was earlier known as UTI Bank (1993–2007). It ranks fourth in terms of market capitalization and third in terms of assets among private sector banks in India. Large and mid-sized corporations, SMEs, and retail firms are the target market for its financial services.
United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC, and UTI are the promoters’ group, and as of June 30, 2016, they held 30.81% of the shares. Individual investors, banks, insurance companies, mutual funds, business entities, and FIIs own the remaining 69.19% of the shares.
The stock have two trendline support, one was on monthly timeframe and second was in weekly time frame
MONTHLY TIME FRAME
In monthly timeframe price is forming a trendline and taking support from it from march 2020 to July 2022 so there is a chance that by any reason share price falls it can take support from the same trendline.
WEEKLY TIME FRAME
In weekly timeframe price is taking support from trendline from 20 June 2022 to 15 April 2024 and now price is reversing near to the trendline.
INFY
An Indian global technology corporation called Infosys Limited provides outsourcing, information technology, and business consulting services. The firm is located in Bengaluru and was founded in Pune.
Infosys became the fourth Indian business to reach the $100 billion market capitalization barrier on August 24, 2021. It is regarded as one of the top Big Tech businesses in India. By revenue and market capitalization, Infosys ranks third among Indian companies as of March 31, 2024, and is the country’s second-largest IT business overall.
The stock have two reasons by which we can say that stock can show a bull rally on up coming months.
MONTHLY TIME FRAME
On monthly timeframe price form a inverted head and shoulder pattern and do breakout of the pattern on July month candle and currently trading near to the all time high which was 1953.90
DAILY TIME FRAME
On daily timeframe price is taking support from a trendline from 4 June 2024 to 9 September 2024 so there is a strong chance that price could go bullish after taking support
TITAN
Titan Company Limited is an Indian enterprise primarily engaged in the production of fashion accessories, including watches, eyeglasses, and jeweler. The firm, which was founded as a joint venture with TIDCO and is a member of the Tata Group, has its registered office in Hosur, Tamil Nadu, and its corporate headquarters in Electronic City, Bangalore.
In 1984, Titan Company was founded and operated as Titan Watches Limited. Titan expanded its product line in 1994 by launching Tanishq, a jeweler line, and Titan Eye plus, an eyewear line. It introduced its line of young fashion accessories, FastTrack, in 2005.With a 6% market share as of 2022, Titan is the biggest branded jeweler manufacturer in India in terms of value.
The stock have two reasons by which we can say that price can show a bull rally on upcoming week or month.
MONTHLY TIMEFRAME
On a monthly timeframe price is taking support from a trendline from July 2022 to June 2024 so the is a chance by any reason stock price falls it can take support from the same trendline.
DAILY TIME FRAME
On a daily timeframe price form expanding wedge pattern near to the monthly trendline support and do a breakout of the pattern on 05 September 2024, so there is a high chance that on upcoming weeks we can see a bull rally on this swing stock
INDUSINDBNK
Mumbai, Maharashtra is home to IndusInd Bank Limited, an Indian financial services company. Manmohan Singh, the Union Finance Minister at the time, officially opened IndusInd Bank in April 1994.
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) have authorised the bank to collect direct and indirect taxes in 2021, according to an authorisation from the Reserve Bank of India (RBI).
Bharat Financial Inclusion Limited (BFIL) was to be acquired by IndusInd Bank for ₹15,000 crore, the bank stated in October 2017.In July 2019, the transaction was formally finalized. IndusInd Bank signed a worldwide cooperation agreement with the International Cricket Council (ICC) in September 2023, in anticipation of the ICC Men’s Cricket World Cup 2023 and other forthcoming ICC Men’s tournaments.
The reasons by which IndusInd bank is a good swing stock for upcoming week
MONTHLY TIME FRAME
On monthly timeframe price taking support from a trendline from march 2020 to AUGUST 2024 and currently price is near to the trendline and forming a green candle
DAILY TIME FRAME
On a daily time frame price is facing resistance from a trendline from JAN 2024 to June 2024 and currently price come near to the resistance trendline third time so there is a strong possibility that when price break it’s resistance trendline it can become a great swing stock for upcoming months.
NESTLE INDIA
The Indian division of the international Swiss corporation Nestlé is called Nestlé India Limited. The company’s main office is in Haryana’s Gurgaon. The firm sells chocolate, confections, drinks, and other items.
The firm was founded on March 28, 1959, and Nestle Alimentana S.A., through Nestle Holdings Ltd., a subsidiary, marketed it. As of 2020, 62.76% of Nestlé India was owned by the parent business, Nestlé.[5] The firm operates nine production sites throughout India.
There are three reasons by which we can say that there is a probability that nestle India a good swing stock and show a bull rally in upcoming months
MONTHLY TIMEFRAME
On the monthly timeframe price is taking support from a trendline from Feb. 18 to march 2023
WEEKILY TIME FRAME
On weekly timeframe price is taking support from a trendline from march 2023 to September 2023 and currently taking support from a trendline.
