Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.

by 5paisa Research Team Last Updated: 2022-04-04T15:06:53+05:30

Best Swing Trading ideas based on price and volume percentage surge. Vardhman Textiles, Jubilant Foodworks, Bajaj Finserv.

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. Vardhman Textiles: The stock had witnessed a breakout of an ascending triangle pattern with a super-sized candle. Moreover, the breakout was witnessed along with above-average volumes. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range was greater than its 10-day average range. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch the levels of Rs 2200 and Rs 2240 on the upside, while on the downside, the support is seen around levels of Rs 2020.  

  1. Jubilant Foodworks: The stock rose more than 5% on Tuesday. The stock’s daily range was twice its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since July 23. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 4450, while immediate support is seen around Rs 4180.

  1. Bajaj Finserv: The stock gained nearly 3% on Tuesday. Interestingly, the stock has met the criteria of volume and price surge on Monday. The volumes were higher than its previous trading session and was higher than the 10 and 30-days average volume. In addition to this, the daily range of the stock was greater than its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 18,800 in the near to medium term. On the downside, support is seen around Rs 18,000 levels.


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