Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 11, 2022 - 09:31 am 47.1k Views
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Best Swing Trading ideas based on price and volume percentage surge. Jb Chemical Pharma, Schaeffler, DCB Bank.

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:

JB Chemicals & Pharmaceuticals: The stock surged a massive 5% on Wednesday and it managed to close near the day’s high. The stock’s daily range was greater than its 10-day average range. After days of consolidation, the stock finally broke its narrow range on the upside with bigger volumes. The stock managed to close above 20 and 50 DMA showing bullishness. Huge volume spike was seen in today’s trading session which indicates interest at a bigger level. The RSI is at 53, which validates positive bias. In the near term, the stock shows potential to touch the levels of Rs 1900 followed by Rs 2000 which is its all-time high. Considering the strong breakout, the stock looks attractive for swing trading.

Schaeffler India: The stock rose 3% on Wednesday and closed at its all-time high. The stock looks extremely bullishness since few trading sessions but an even bigger volumes seen today validate that it still has the firepower in it. The RSI is looking strong at 70. With price action 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 8500 and beyond.

DCB Bank: This banking stock ended in green for the third consecutive day. The stock is 2.5% up forming a strong green candle with wick at a lower level suggesting buying from the market participants.  Volumes are rising daily making it an ideal bet for swing trade. The RSI is strong at 72. 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 110 followed by Rs 115 in the near to medium term. On the downside, support is seen around Rs 100.

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