Best Swing Trading Stocks February 2021 | Best stocks for Short Term Investment February 2021
Through this video I will try to explain few stocks which you may keep in your watch list for swing trading, as well as Short term to mid term investment purpose Before investment in these stocks please discuss with your financial advisor The stocks discussed here is purely for educational purpose I do not recommend any financial advise to invest in these stocks Let start which stocks you may keep in your watch list during Feb'21 let know the criteria to select these stocks and what basis I did select these stocks the stock which I would discuss with you first, is Power Grid Corporation I have plotted the chart on monthly time frame (MTF) On MTF price is printing above 20DMA At a glance you may find the trend of this stock which is in uptrend because there is no Lower Low ( LL) pattern formed Let see the chart on weekly time frame (WTF) to understand the price action On WTF, price has made H/Ls At this price level price has test low during Mar'20 The price has established double bottom (D/Bottm) at this level after that price has started to printing in upward direction and making H/L formation The price is printing above 20DMA as well as 200DMA and attempting to print H/H formation Now the chart is plotted on DTF. On DTF, price has taken support on 200DMA and printing upward direction Low of this stock not yet broken and price has printed on H/L pattern Price is attempting to breach it's immediate swing high If you minutely notice may find VCP Price has printed down by 42.11% from its swing high from Jan-Mar'20 after that price has made low by 18.7% from its swing high from Aug-Oct'20(34 days)
Thereafter price has made low by 12.41% from its swing high during Jan'21(13 day) and price is trying to print in upward direction You may see the volatility contraction pattern clearly Seller's every attempts found with low volume However, every attempts of buyers found with increased volume Price has taken support on AVWAP and printing upward direction You may keep IRCTC in your watch list also. I have plotted the chart on MTF During Mar'20 price has made low with average volume and after that price has started to print in upward direction During the fall in mar'20 there was no increased volume after that price has started to print in upward direction You may add IRCTC in your portfolio for longer time frame to get good return on this stock Let me plot the chart on WTF. to make you understand the price action Price has traded couple of weeks within a range and attempted to breakout this range on higher side Price has made high @ 1994 during Feb'20 thereafter we have witnessed the fall in price due to Covid-19 However accumulation has happened couple of weeks within this level Price has taken support on 20DMA and attempting to breakout this range (1340-1485) price has printed nearly 35 weeks within this price band during 1st week of Dec'20 price has initiated to breakout above this range Price has tested high @ 1800 during 1st week of Feb'21 there was bullish close.
Price has established H/L pattern On DTF, price has made H/Ls and taken support on 200DMA to print H/Hs Price will definitely test the earlier swing High Because price has taken support on DTF above 200DMA &20DMA there was no increased volume while accumulation going on within this price range price has gradually started to print in upward direction If u want may hold this stock for longer TF this stock may appear multibagger in coming days. This video may be little bit of lengthy I do request you to watch the video in full do not skip this video If you analyse any stock in this manner you could be able to mange suitable entry and exit opportunity in any stock I have plotted the chart of GODREJPROP on MTF Seeing this chart one can find uptrend direction of this stock During Jan21 there was outside bearish bar formed after breaching the earlier swing high there was outside bearish bar formed But the bullish bar formed in 1st week of Feb'21 has rejected the bearish sentiment Price is printing above 20DMA &200DMA on WTF Whenever price has taken support on above 20DMA it has printed upward direction Price has also taken support from earlier swing high after breaching this level to understand price action on shorter TF let see the chart on DTF On DTF, price has made D/Bottom and started to print upward direction thereafter moreover price has taken support on AVWAP and started to print upward direction and currently trading above 20DMA There was all time high at 121.2 in Dec'07 after that price has started to print towards downward direction made low @3.1 during Mar'20 thereafter price has started to print H/L s while price made low during Mar'20 it has formed D/bottom During Sep'20&Oct'20 price has made D/Bottom again @ 5.65
and closed above 20DMA with increased volume Price has breakout above long time down trend line and trying to print upward direction Based on price action and market structures you may keep this stock in your port folio for long term Let see the price action in shorter time frame After breakout above long time down trend line price is trying to print upward direction You may note that during down fall volume was low however while printing on upward direction volume found in increased manner and price has made H/ls let me open the chart on DTF to make you understand price action in shorter TF. price has taken support from earlier swing high once breached that level