Top swing trading ideas you should not miss!
Best Swing Trading ideas based on price and volume percentage surge. Sona BLW Precision Forging, TTK Prestige, and Birla Corporation
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:
Sona BLW Precision Forging: The stock zoomed over 4.23% on Monday’s trading session. It is trending higher since November and has taken out its all-time high levels with huge volume. It is well above its 20-DMA that indicates short term bullishness. The RSI is in super bullish zone. 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.
TTK Prestige: This stock shot up over 6.67% on Monday. It has taken the support of its 100-DMa and has made a splendid recovery since then. Today, it took out its all-time high level. The RSI has jumped to 70 indicating the bullish strength. With huge volume recorded in the past 2 days, the stock is expected to scale higher into the uncharted territory. Swing traders should closely watch this stock for quick profits.
Birla Corporation: This stock surged a massive 7.62% on Monday and closed above its 50-DMA. This price action was associated with huge volume which is greater than 10 and 30-day average volume. Now it trades above every key moving average and RSI is in bullish territory and the stock looks technically strong. Considering its strong price action, traders must include this stock in their watchlist for upcoming days as it looks attractive for swing trading.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7683.00 | -7.7 (-0.1%) |
| CAC 40 | 8016.65 | -75.21 (-0.93%) |
| DAX | 17917.28 | -171.42 (-0.95%) |
| Dow Jones | 38085.80 | 0 (0%) |
| FTSE 100 | 8076.60 | 35.42 (0.44%) |
| Hang Seng | 17284.54 | 0 (0%) |
| US Tech Composite | 15616.76 | 0 (0%) |
| Nikkei 225 | 37628.41 | -831.6 (-2.16%) |
| S&P 500 | 5048.42 | 0 (0%) |
| Gift Nifty | 22673.00 | 303 (1.35%) |
| Shanghai Composite | 3052.90 | 0 (0%) |
| Taiwan Weighted | 19857.42 | -274.32 (-1.36%) |
| US 30 | 38122.90 | -16.1 (-0.04%) |
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