Top swing trading ideas you should not miss.

swing trading ideas
by 5paisa Research Team 01/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Route Mobile, Grindwell Norton, TV18 Broadcast.

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:

  1. Route Mobile: The stock has jumped over 4% on Friday, thereby, outperforming the broader as well as the frontline gauge. The stock had formed an inside bar on Thursday and after an inside bar formation, the stock formed a bullish candle, which is positive for the stock. What is more striking is the fact that the positive price action was supported by a jump in the volume activity. The volume for the day was greater than the 10 and 30-days average volume and in addition to this, the stock’s daily range was twice its 10-days average range, which resulted in meeting the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 2140 and the support is seen around levels of Rs 1970. 

  1. Grindwell Norton: The stock has gained nearly 4.7% on Friday. The stocks' daily range on Friday was greater than its 10-days average range. Additionally, the volume for the day was greater than its previous trading session and in fact volumes for the day were highest since September 08. With price and volume criteria met, this stock looks apt for a good up-move in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 1510, while immediate support is seen around Rs 1380. 

  1. TV18 Broadcast: The stock had seen a mighty run-up on Friday as it soared over 9%. The daily range of the stock was almost double its 10-day average. In addition to this, the stock witnessed a huge jump in volumes as volumes were not only higher than its previous trading session but also the highest since June 10. Besides, it was higher than 10 and 30-days average volume. As the stock has met the criteria of our trading system, swing traders should not miss this stock as it can touch levels of Rs 44 in the near term followed by Rs 46 in the medium term. On the downside, support is seen around Rs 39.70 levels.