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Best Swing Trading ideas based on price and volume percentage surge. Varun Beverages Limited, IRB Infra and Radico Khaitan
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:
Varun Beverages Limited: The stock gained 2% on Thursday as it trades near its all-time high and just above its 20 and 50-DMA. It has formed a strong bullish candle on the chart with a bigger volume. The directional movement indicator shows strength in the stock and RSI is going strong at 56. A strong chart pattern along with above-average volume makes VBL an attractive stock for swing trading.
IRB Infra: The infrastructure company shot up nearly 4.5% on Thursday, as it looks for a reversal. The stock was in correction mode for a few days after touching its all-time high level of 345. It has taken support at its 50-DMA and RSI shows the sign of reversal. and has witnessed rising volumes in a few trading sessions. With the technical parameters showing signs of reversal, this stock should certainly be on the trader’s watchlist for upcoming days.
Radico Khaitan: The stock gained 0.2% in the trading session that ended Thursday when the broader indices were bleeding. The stock has witnessed some profit booking today towards the end. The RSI still shows strength in the stock as it lies at 60. We see that the volumes are steadily increasing since the past few days as it nears its all-time high. The stock trades above all key moving averages and we could possibly see a trend in the coming days. The stock looks to gain momentum and is an ideal candidate for swing trade.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8022.41 | -0.85 (-0.01%) |
| DAX | 17737.36 | -100.04 (-0.56%) |
| Dow Jones | 37922.34 | 146.96 (0.39%) |
| FTSE 100 | 7895.22 | 12.39 (0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15340.38 | -266.12 (-1.71%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4970.89 | -40.23 (-0.8%) |
| Gift Nifty | 22172.00 | 157 (0.71%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37969.10 | 240.5 (0.64%) |
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