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, 03:09 PM IST

Best Swing Trading ideas based on price and volume percentage surge. APL Apollo Tubes and Tech Mahindra.

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. APL Apollo Tubes: The stock gained 2.69% on Tuesday. 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 925 and Rs 950 on the upside, while on the downside, the support is seen around levels of Rs 855. 

  1. Tech Mahindra: On a day when the markets witnessed profit booking, the Nifty IT index gained over 2%. Interestingly, all the IT stocks from the Nifty IT index ended in green barring TCS. The stock of Tech Mahindra jumped over 4% and with this, it outperformed the benchmark indices and hit a fresh 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, was the highest since July 30. 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 1600 followed by Rs 1640, while immediate support is seen around Rs 1490.

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SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
33,627.45
492.45 (1.49%)

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