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Best Swing Trading ideas based on price and volume percentage surge. Dixon Technologies, Canara Bank, and DLF
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:
Dixon Technologies: The stock has been trading strongly since few days and today it gained about 2.88%. It has made a V-shape recovery and is near its prior swing high. it currently trades above all the key moving averages and RSI, too, indicates strong strength at 63. The bullishness of the stock is validated by the rising volumes. Swing traders must look for opportunity in this stock.
Canara Bank: The stock zoomed about 3.33% in Friday’s trading session. The stock has made a good recovery from the low of 200-levels. It trades about all the moving averages. And RSI is in bullish zone. Along with today’s gain, it experienced rise in its volume compared to previous trading session. With technical parameters showing bullishness and above-average volume make Canara Bank an attractive stock for swing trading.
DLF: The stock surged over 5% on Friday. The stock took the support of its 100-DMA before bouncing back. It has closed above the 20 and 50-DMA with larger volumes. Today’s volume is almost 4-fold the previous day’s volume. Such huge volume indicates buying at institutional level. The RSI has also jumped to 58 indicating the bullish nature of the stock. The next target is set to be 440-level which is also its 52-week high. With rising volume and good price action, one can expect this stock to test the level of 440 in near term.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7683.00 | -7.7 (-0.1%) |
| CAC 40 | 8063.60 | -28.26 (-0.35%) |
| DAX | 17998.61 | -90.09 (-0.5%) |
| Dow Jones | 38460.92 | -42.77 (-0.11%) |
| FTSE 100 | 8077.83 | 37.45 (0.47%) |
| Hang Seng | 17267.73 | 66.46 (0.39%) |
| US Tech Composite | 15717.75 | 16.11 (0.1%) |
| Nikkei 225 | 37628.41 | -831.6 (-2.16%) |
| S&P 500 | 5071.63 | 1.08 (0.02%) |
| Gift Nifty | 22470.50 | 100.5 (0.45%) |
| Shanghai Composite | 3053.14 | 8.32 (0.27%) |
| Taiwan Weighted | 19857.42 | -274.32 (-1.36%) |
| US 30 | 38386.30 | 4.5 (0.01%) |
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