Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Nov 22, 2021, 03:54 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Archidply Industries Limited, Esab India, and Greenpanel Industries

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: 

Archidply Industries Limited: The stock gained a 4.84% on Monday when there was blood on the street. The stock is trading strong since few days as the volumes keep on rising. It trades near its all-time high of 46. RSI is above 70 showing bullishness. With the kind of momentum it is showing, once can witness the stock breaking its all-time high levels. Traders must try for make use of this momentum to their benefit.

Esab India: The stock rose more than 4% on bleeding Monday. It looks to gain momentum as it hovers around its all-time high level of 2900. It took the support of 20-DMA before bouncing back. RSI shows good strength at 63. Also, above average were recorded in the stock today. One should closely keep a watch on this stock.

Greenpanel Industries: The stock gained 4% on trading session ended Monday. The stock flat to negative throughout the day but then huge buying was seen towards the end.  It took the support of 50-DMA before bouncing back as it looks to gain momentum. Today’s volume was almost two times the yesterday’s volume. The RSI still shows the strength in the stock as it lies on 56.  It closed above its 20-DMA today and looks good for short term. The stock is an ideal candidate for swing trade.

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SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
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492.45 (1.49%)

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