Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Nov 15, 2021, 04:16 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Escorts India, Gland Pharma, and Can Fin Homes.

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:

Escorts India: The stock of Escorts India soared 3.78% on the trading session that ended Monday. Escorts was trading in a narrow range of 1550-1600 since few trading sessions and it managed to close above this range. 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 is trading above its key moving averages and RSI is going strong at 63 showing strength. The stock closed at its record high and certainly looks strong for coming sessions. Considering its strong price action with good volumes, Traders must include this stock in their watchlist for upcoming days.

Gland Pharma: This pharmaceutical company zoomed 5.16% on Monday. Gland Pharma has corrected 18% from its recent high and was weak. Today, it formed a strong green candle supported with larger volumes. The RSI is back at 50 showing that the stock has gained some strength. The stock looks for a trend reversal and this might possibly be the beginning. Swing traders should closely watch this stock for quick profits.

Can Fin Homes: This stock surged 2.8% on Monday’s trading session. The stock underwent a slight correction from its recent high and found support at 50-DMA before bouncing back. It managed to close above its 20-DMA with bigger volumes showing positive sentiment. It is about 50 points (7.5%) away from its all-time high. The volume witnessed today was 1.5 times the previous day’s volume indicating fresh participation. The stock looks technically strong and can test its all-time high levels soon. Considering its strong price action with good volumes, traders must include this stock in their watchlist for upcoming days. Considering this strong breakout, the stock looks attractive for swing trading.

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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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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