Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.

by 5paisa Research Team Last Updated: Apr 04, 2022, 03:11 PM IST

Best Swing Trading ideas based on price and volume percentage surge. Just Dial, Radico Khaitan and Symphony.  

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:

  1. Just Dial: The stock gained 2.77% on Wednesday, as a result, it not only outperformed the frontline gauge but also the broader markets. The stock’s daily range was thrice its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, were the highest since September 03. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 1050, while on the downside the support is seen around levels of Rs 985.

  1. Radico Khaitan: The stock jumped 5% on Wednesday. The stocks' daily range on Wednesday was almost twice its 10-day average range. Additionally, the volume for the day was greater than its previous trading session and was higher than the 10 and 20-day average volume. With price and volume criteria met, this stock looks ripe for a good up-move in the coming days, hence, swing traders can keep this on the radar for up-move towards the four-digit mark, while immediate support is seen around Rs 925.   

  1. Symphony: The stock had gained nearly 2.5% on Wednesday. Interestingly, the stock has met the criteria of volume and price surge on Wednesday. The stock has witnessed a breakout of six-days consolidation pattern along with a huge spike in the volumes. The volumes were higher than its previous trading session and it was higher than 10 and 30-days average volume. In addition to this, the daily range of the stock was greater than its 10-days average range. As a result, the stock has met the criteria of our trading system, Swing traders should not miss this stock as it can touch levels of Rs 1130 in the near term followed by Rs 1165 in the medium term. On the downside, support is seen around Rs 1055 levels.

SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)
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SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)

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