Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: 2021-12-08T16:24:33+05:30 IST

Best Swing Trading ideas based on price and volume percentage surge. Bajaj Finance, Mindtree, and Welspun Corp

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:

Bajaj Finance: The stock zoomed about 3.64% on Wednesday and was the top gainer for Nifty 50. The stock was beaten down heavily in the past few weeks. However, it managed a pullback from its lows and today, it closed above its 20 and 100-DMA. Along with this, huge volumes have been recorded during this pullback which indicates strong buying at the lower levels. It formed a strong green candle today with open=low scenario. The RSI has jumped from 38 to 53 suggesting the stock has gained momentum. The next resistance is its 50-DMA, and any closing above this would mean a strong uptrend.  Technical parameters showing bullishness and above-average volumes make Bajaj Finance an attractive stock for swing trading.

Mindtree: The stock of Mindtree gained over 4% on Wednesday. The stock was consolidating since few days and today broke out of its range. Along with this, the stock witnessed a rise in its volume. It gave a strong closing above its 50-DMA but still lies below its 20-DMA.  The RSI has risen steeply to 52 and the stock looks to have gained strength. If the stock closes above 20-DMA in near future with bigger volumes, one can expect the stock to deliver good return for short term.

Welspun Corp: The stock has been trading strong in the last few days despite bad market sentiment. Today, it closed at its 52-week high with huge volumes. The RSI is going strong at 68, entering the super bullish territory. With the stock recording huge volumes at all-time high level, and RSI showing super strength, the stock is expected to perform well in upcoming days.


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


SENSEX
59,332.60
515.31 (0.88%)
17,659.00
17,659.00
124.25 (0.71%)
38,879.85
38,879.85
592.00 (1.55%)

Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
59,332.60
515.31 (0.88%)
17,659.00
17,659.00
124.25 (0.71%)
38,879.85
38,879.85
592.00 (1.55%)

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number