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 - 06:22 am 44.2k Views

Best Swing Trading ideas based on price and volume percentage surge. 3M India, Gujarat Alkali, and ZEEL

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:

3M India: The stock of 3M India rose over 3.3% on Friday. It was taking support of its 100-DMA since few days and finally shot up over 3% to close near its 20-DMA. Rising volumes have been recorded since past few days. If it closes above 20-DMA with good volumes, we might see the stock rallying further towards 26500-27000. The RSI has jumped from 40 to 52 and looks to gain momentum. With technical parameters showing bullishness and above average volume makes 3M India an attractive stock for swing trading.

Gujarat Alkali: The stock surged as much as 7.62% on Friday’s trading session. The stock was just trading above its 100-DMA. The stock has corrected quite significantly from its recent high and it looks to gain momentum on the upside. High volume has been recorded today indicating active market participation. The RSI has jumped from 38 to 50 indicating strength in the stock. The stock was in a narrow consolidation range before breaking out today. However, looking at today’s strong candle, one can expect a big momentum that is about to come. 

ZEEL: The stock gained a healthy 2.16% on Friday when the overall market was down. The stock closed in green for third consecutive day and at its all-time high at 350. This closing is marking with heavier volumes which confirm the momentum. The RSI is going strong at 64 One can expect the stock trade even higher with good volumes for upcoming days and it is a good stock for swing trade.

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