In this blog, we are going to discuss 3 probable swing trading stocks for the next week of July.
BAJAJ AUTO STOCK
The stock is trading in a continuous downtrend pattern of lower highs and lower lows. There is a falling trend we can observe. If we look at the chart, there is also a symmetrical pattern on the daily chart. The level around 8360 and above is very crucial for the falling trend breakout for upside. If the stock price sustains above 8360 and above then more upside is possible towards 8450 to 8600.
BHARAT DYNAMICS LIMITED STOCK
This defense stock is in a continuous decline. The chart looks very weak and may be more extended decline towards 1570 to 1550 expected. But after hitting below the 1600 zone, the stock may get a demand zone as per the RSI oversold zone and the previous resistance, current support principle. The stock may reverse from this zone towards 1630 to 1700 with support around 1500.
GODFRYPHLP STOCK
This is one of the volatile stocks and moves with the wildest volatility. The stock has been rejected 2 times from the 9600 zone. Now, if the stock sustains above 9600, then more upside is possible towards 9900 and above. The stock is recovering around its ultimate resistance zone. If we look at last year’s chart, then the stock is in a continuous uptrend. With this, we have discussed 3 probable swing trading stocks for next week.
Disclaimer :- Registration granted by SEBI, membership of a SEBI recognized supervisory body ( if any ), and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. We are Bluemoon Research & Financial Services ( SEBI Registered Research Analyst, Regd No- INH000016135 ). The above-mentioned stocks are only for learning purposes, not recommended.