Top swing trading ideas you should not miss.
Best Swing Trading ideas based on price and volume percentage surge. Minda Industries, Escorts, Pidilite Industries.
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:
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Minda Industries: The stock jumped over 5% on Thursday. The stock’s daily range was twice its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since September 17. Furthermore, it was greater than 10 and 30-day average volume. 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 810, while on the downside the support is seen around levels of Rs 743.
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Escorts: The stock has formed a bullish candle on Thursday as it surged over 4% on Thursday. The stocks' daily range on Thursday was greater than its 10-day average range. Additionally, the volume for the day was greater than its previous trading session and it was the highest since September 30. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 1571, while immediate support is seen around Rs 1470.
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Pidilite Industries: The stock had gained over 2% on Thursday. Interestingly, the stock has met the criteria of volume and price surge on Thursday. 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-day average range. Considering the strong price movement witnessed in the stock along with volume uptick, Swing traders should not miss this stock as it can touch levels of Rs 2525 in the near term followed by Rs 2565 in the medium term. On the downside, support is seen around Rs 2400 levels.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 7962.93 | -60.33 (-0.75%) |
| DAX | 17665.10 | -172.3 (-0.97%) |
| Dow Jones | 37775.38 | 22.07 (0.06%) |
| FTSE 100 | 7824.18 | -58.65 (-0.74%) |
| Hang Seng | 16224.14 | -161.73 (-0.99%) |
| US Tech Composite | 15606.50 | -81.87 (-0.52%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 5011.12 | -11.09 (-0.22%) |
| Gift Nifty | 22093.50 | 78.5 (0.36%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37622.60 | -106 (-0.28%) |
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