Top swing trading ideas you should not miss!

swing trading ideas
by 5paisa Research Team 28/09/2021

The deadly combination of price and volume percentage surge helps us to discover high probability swing-trading candidates.   

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.     

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:    

  1. Sun Pharmaceutical Industries: Sun Pharmaceutical was the top-performing stock in the Nifty Pharma index. The stock gained nearly Rs 35 from the day’s low and what is more outstanding is the move from the lower levels of the day was backed by a massive surge in the volume, which indicates the enthusiasm of the buyers. Moreover, the volume for the day was greater than the 10 and 30-days average volume, which resulted in meeting the norms of the swing trading system. The stock has the potential to touch an all-time high of Rs 804 and beyond in the near term with immediate support placed at Rs 777.    

  1. Bharat Heavy Electricals (BHEL): The stock of BHEL has soared nearly 7% on Tuesday and with this, the stock recorded its highest single day gain in the near term. Moreover, the stocks' daily range on Tuesday was greater than its 10-days average range. Additionally, the stock witnessed volume over 11.73-crore shares which is greater than its 10 and 30-days average volume, so it meets the rules of our defined swing trading system. The stock has support placed around Rs 58.50, while on the upside the resistance is seen around the zone of Rs 64-65.     

  1. IDBI Bank: IDBI Bank stock hit a new 52-week high on Tuesday and technically, the stock has witnessed a breakout of the 29-weeks consolidation pattern. Furthermore, the breakout is backed by a surge in the volumes, as volume for the day was higher than the previous day and was higher than 10 and 30-days average volume. Hence, swing traders can keep this stock on their radar and should not miss this stock as it has the potential to touch levels of Rs 48-50 in the near to medium term

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