Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 09, 2021, 04:28 PM IST

Best Swing Trading ideas based on price and volume percentage surge. IRCON International, United Phosphorous Limited, and Larsen & Toubro Limited.

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:

IRCON International: The stock of surged 2.63% on Thursday’s trading session. It bottomed out at the levels of 44-45 before taking a reversal. The stock closed above its 20-DMA today. It tested the 50-0DMA but was not able to sustain above it at the end of the day. The stock is trading strong since 3 trading sessions, gaining about 4% and recording bigger volumes. The RSI has also jumped to 53 during this span. The stock is likely to continue on the higher side and is an ideal candidate for swing trade. Traders must include this stock in their watchlists for upcoming days.

United Phosphorous Limited: This stock of UPL rose about 1.94% on Thursday. It has made a V-shape recovery at 680-levels and hasn’t looked back since then. The stock has been trading strong since 7 trading sessions. Today, it closed above its 20 and 50-DMA indicating bullishness for short term. The RSI lies at 62 indicating good strength. The stock is likely to trend higher in coming days as the volumes keep on rising.  Swing Traders should closely watch this stock for quick profits.

Larsen & Toubro: This stock zoomed 3% in Thursday’s trading session. The stock closed above its 20-DMA with larger volume to indicate short term bullishness. The RSI is in bullish territory. The stock looks technically strong, and with higher volumes, it can test its all-time high levels of 1950-2000. Considering its strong price action, traders must include this stock in their watchlist for upcoming days. Looks attractive for swing trading.

SENSEX
52,973.84
180.22 (0.34%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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