Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:26 pm 45.5k Views
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Best Swing Trading ideas based on price and volume percentage surge. Craftsman Automation, Hikal Limited, and Indian Energy Exchange

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:

Craftsman Automation: The stock zoomed 5.45% on Tuesday. It formed a bullish engulfing pattern in an open=low scenario.  It closes above its 50-DMA as it looks for a reversal. It is down about 15% percent from its recent high. The volume recorded today was greater than its 10-day average volume. The next resistance is its 20-DMA, crossing this would mean an uptrend for short term. With technical parameters showing bullishness and above average volume makes Craftsman Automation an attractive stock for swing trading.

Hikal: Hikal surged about 6.59% on Tuesday’s trading session. The stock was in a narrow consolidation range before breaking out today. Above average volumes were recorded today. It closed above its 20-DMA but is still below 50 and 100-DMA. However, looking at today’s strong candle, one can expect a big momentum that is about to come. RSI shot up from 40 to 53 showing strength in the stock.  One can include this stock in their watchlist for upcoming days and is a good stock for swing trade.

Indian Energy Exchange: The stock gained a healthy 2.83% on trading session ended Tuesday. The stock gained all the points it had lost in previous trading session. It took support of 20-DMA before taking a reversal and trades above all key moving averages. The RSI still shows the strength in the stock as it lies on 60. Higher volumes were recorded today indicating institutional activity and one could possibly see a trend in coming days.

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