Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.

by 5paisa Research Team Last Updated: Apr 04, 2022, 03:08 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Gujarat Gas, Greenply Industries and Bharat Electronics.

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. Gujarat Gas: The stock jumped 6% on Monday fresh 52-week high and it managed to close near the day’s high. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact it was above its 10 and 30-day average volume. In the near term, the stock has the potential to touch the levels of Rs 690 and Rs 700 on the upside, while on the downside, the support is seen around levels of Rs 640. 

  1. Greenply Industries: The stock rose over 7% on Monday. The stock’s daily range was greater than 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 August 02. 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 218 followed by Rs 225, while immediate support is seen around Rs 202.

  1. Bharat Electronics: The stock has witnessed a breakout of a 12-day flat base pattern along with above-average volume. Volume for the day was not only greater than its previous trading session but also above its 10 and 30-day average volume. In addition to this, the daily range of the stock was twice its 10-day 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 225 in the near to medium term. On the downside, support is seen around Rs 211 levels.

SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
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34,276.40
960.75 (2.88%)
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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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