Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Nov 12, 2021, 04:12 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Chalet Hotels, Lakshmi Machines, and ICICI Securities.

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:

Chalet Hotels: The stock surged by a massive 8.33% on the trading session that ended Friday. It formed a strong green candle on the chart with a bigger volume which was well above its 10-day and 30-day daily average volume. The stock broke its horizontal level of 270 in its third attempt and looks to start its upward journey. We can easily see the stock touch its 300 level in the coming days. It is currently trading above all its key moving average which shows that the stock is trending strong. The RSI is at 73, which validates a positive view of the stock. Considering the strong breakout, the stock looks attractive for swing trading.

Lakshmi machines: This manufacturing machinery-based company rose 4.82% on Friday closing at its 52-week high, forming a strong green candle with a larger volume. The stock is extremely bullish since a few trading sessions and bigger volumes seen today validate that there is a lot more to come. The RSI is going strong at 68. With the kind of momentum it is showing, the stock looks to create new highs in uncharted territory. Swing traders can keep this on the radar for an up-move with appropriate stop loss.

ICICI Securities: This stock closed after moving 3% up and closed above 20-DMA. It is about 100 points away from its all-time high. The stock is above its key moving averages and RSI is also at 56. The volume is steadily increasing for three days which state that there could be an up-move coming up. The stock looks technically strong and can test its 900-levels soon. Considering its strong price action with good volumes, traders must include this stock in their watchlist for upcoming days.

SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)
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SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)

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