Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 02, 2021, 04:50 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Gujarat Gas Limited, Power Grid Corporation, and Greaves Cotton

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: 

Gujarat Gas Limited: The stock gained 3.15% on Thursday to close above its 100-DMA.  It trades above all key moving averages and RSI is going strong at 62. The stock witnessed the volume which is higher than its 10 and 30-day average volumes. The stock is trading strongly since few days. It broke its short-term resistance of 685 and rising volumes will help the stock to scale further highs. Traders must try to make use of this momentum to their benefit.

Power Grid Corporation: The stock rose more than 3.5% on Thursday and it was one of the top gainers of Nifty 50.  The stock is showing the super bullish mode as it is up by 17% in 13 trading sessions. It trades above all key moving averages and RSI is shows strength of 74. Along with this, rising volumes have been recorded since past few days. With technical parameters showing no signs of halting, the stock has the potential to scale newer highs and one must make use of this momentum to their benefit.

Greaves Cotton: The stock surged a massive 12.75% in today’s trading session. The stock made a gap-up and never look back. It continued to make higher high throughout the day.  It trades above all the key moving averages and RSI has jumped to 62 showing strength. It currently trades near its short-term resistance of 160. Huge volume was recorded today which is the highest since 24 June 2021. With the kind of momentum it showed today, it has the potential to scale further highs and one can expect it to trade above 160

SENSEX
54,748.48
495.95 (0.91%)
Nifty 50
16,288.20
118.05 (0.73%)
Nifty Bank
35,453.70
358.80 (1.02%)
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SENSEX
54,748.48
495.95 (0.91%)
Nifty 50
16,288.20
118.05 (0.73%)
Nifty Bank
35,453.70
358.80 (1.02%)

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