Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 01, 2021, 05:46 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Idea, Philipcarbon Black, and Chambal Fertilizers

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:

Idea: The telecom stock surged a massive 15.84% on Wednesday. It was in consolidation mode and today’s breakout let the stock close near its 52-week high. The stock gained 10% in the last hour. The volume recorded today was more than 10 and 30-day average volumes. RSI is going strong at 70 indicating super bullishness of the stock and it trades above all key moving averages. Technical parameters showing bullishness and above-average volume make Idea an attractive stock for swing trading.

Philipcarbon Black: The stock zoomed about 7.60% in Wednesday’s trading session. It is in correction mode and is trading below 200-DMA. Rising volumes have been recorded on the fourth straight day and today’s closing above 20-DMA indicates short-term bullishness. It is currently trading near its 200-DMA and any closing above will mean that stock is ready for the upside momentum. RSI has jumped from 34 to 49 showing strength in the stock. Looking at today’s strong candle, one can expect a big momentum that is about to come. One can include this stock in their watchlist for upcoming days and is a good one for swing trade.

Chambal Fertilizers: The stock rocketed over 9% on Wednesday. The stock was seen taking support of its 20 and 50-DMA before shooting up. It currently trades near its short-term resistance of 400. The RSI shows strength in the stock as it lies at 60 and trades well above its 20-DMA. The volume of over 12 million is the highest in many months. Such high volume indicates institutional activity, and one could see it in the trend in the coming days.

SENSEX
54,208.53
-109.94 (-0.20%)
Nifty 50
16,240.30
-19.00 (-0.12%)
Nifty Bank
34,163.70
-138.20 (-0.40%)
Next Article

Open Free Demat Account

& get benefits worth 5100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT5100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
54,208.53
-109.94 (-0.20%)
Nifty 50
16,240.30
-19.00 (-0.12%)
Nifty Bank
34,163.70
-138.20 (-0.40%)

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number