Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Nov 11, 2021, 05:04 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Welspun corporation, Cochin Shipyard, and Ingersoll-Rand India.

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:

Welspun corporation: The stock soared aggressively by 5% on Thursday. After days of consolidation, the stock finally broke its range on the upside and closed above all key moving averages indicating strength. The volume witnessed today was greater than its 10-day average volume which indicates active participation. The RSI is at 57, which validates a positive view of the stock. In the near term, the stock shows potential to test its all-time high levels of Rs 150-155. Considering the strong breakout, the stock looks attractive for swing trading.

Cochin Shipyard: The stock rose 2.65% on Thursday forming a strong green candle with a larger volume. The stock looks extremely bullish since a few trading sessions but bigger volumes seen today validate that it still has the firepower in it. The RSI is looking strong at 64. 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 390 and beyond.

Ingersoll-Rand India: This stock closed at its all-time high. After days of consolidation, the stock rose a massive 9.25% and finally broke out with big volume validating a big move that is yet to come. The volume witnessed today was 25 times the previous day’s volume. The RSI is going strong at 75. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss the opportunity in this stock.

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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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