Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!

by 5paisa Research Team Last Updated: Dec 14, 2021, 04:28 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Power Grid Corp, Orient Electric, and Multi Commodity Exchange.

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:

Power Grid Corp: The stock surged about 3.84% on volatile Tuesday.  The stock is ready to test its all-time high level again. It has made a U-shaped recovery and the stock has gained strength as RSI has jumped to 64. This up move is supported by huge volume today. Strong price action along with rising volumes indicates an up move and Swing traders must make use of this set up.

Orient Electric: The stock recently corrected a little from its all-time high. Today, the stock zoomed about 3.8% with big volumes. The volumes recorded today were above 10-day average volumes. It trades above all the key moving averages. With today’s gain, the stock looks to test its all-time high. Technical parameters show bullishness and above-average volume make Orient Electric an attractive stock for swing trading.

Multi Commodity Exchange: The stock of MCX soared over 3% on Tuesday.  In past few days, the stock was seen taking support at its 200-DMA and has bounced back from there. Today, the stock closed above 50-DMA and now trades above all the key moving averages. The RSI has jumped to 57 indicating strength. Rising volume validate the technical points and one can expect the stock to be trading higher in upcoming days.

SENSEX
53,271.59
477.97 (0.91%)
Nifty 50
15,923.35
141.20 (0.89%)
Nifty Bank
33,728.05
606.70 (1.83%)
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SENSEX
53,271.59
477.97 (0.91%)
Nifty 50
15,923.35
141.20 (0.89%)
Nifty Bank
33,728.05
606.70 (1.83%)

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