Top swing trading ideas you should not miss!
Best Swing Trading ideas based on price and volume percentage surge. Tanla, Bharat Earth Movers Limited, and HFCL
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:
Tanla: The stock surged 4.88% on Monday. It has hit the upper circuit consecutively in two trading sessions and it closed at its all-time high. Rising volumes have been observed today. The stock trades above all the key moving averages. RSI indicates good strength at 67. Technical parameters showing bullishness and above-average volume makes Tanla an attractive stock for swing trading.
Bharat Earth Movers Limited (BEML): The stock zoomed about 6.6% on Monday’s trading session. It is rallying since a week, having gained more than 25%. The stock closed at its all-time high with larger volume. Noticeably, rising volumes have been recorded in the past seven days which shows institutional attraction for this stock. RSI at 79 indicates super bullishness of 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 stock for swing trade.
HFCL: The stock rose about 10% on Monday as it hits the upper circuit. The stock has been consolidating since quite some time and today, it closed near to its short-term resistance of 80. Highest volume in 2 months was recorded today. It closed above 20 and 50-DMA and possibly hints at a breakout. The RSI has jumped from 45 to 58. With higher volumes, the stock has the potential to breakout and one can possibly see a trend in the coming days.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7676.00 | 34.8 (0.46%) |
| CAC 40 | 8064.64 | 24.28 (0.3%) |
| DAX | 18011.16 | 150.36 (0.84%) |
| Dow Jones | 38239.98 | 253.58 (0.67%) |
| FTSE 100 | 8023.06 | -3.49 (-0.04%) |
| Hang Seng | 16828.94 | 317.24 (1.92%) |
| US Tech Composite | 15456.31 | 169.3 (1.11%) |
| Nikkei 225 | 37552.09 | 113.55 (0.3%) |
| S&P 500 | 5010.60 | 43.37 (0.87%) |
| Gift Nifty | 22355.00 | -103 (-0.46%) |
| Shanghai Composite | 3021.98 | -22.62 (-0.74%) |
| Taiwan Weighted | 19599.28 | 188.06 (0.97%) |
| US 30 | 38325.10 | 72 (0.19%) |
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