Top swing trading ideas you should not miss.
Best Swing Trading ideas based on price and volume percentage surge. Home First, Indiamart Intermesh, Eris Lifesciences.
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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Home First Finance Company: The stock rose over 4% on Friday. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days 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 650, while on the downside the support is seen around levels of Rs 605.
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Indiamart Intermesh: The stock has formed a bullish candle on Friday as it jumped over 4%. The stocks' daily range on Friday 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 08. 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 9250, while immediate support is seen around Rs 8620.
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Eris Lifesciences: The stock had risen over 2% on Friday. 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-days 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 820 in the near to medium term. On the downside, support is seen around Rs 760 levels.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7683.00 | -7.7 (-0.1%) |
| CAC 40 | 8049.17 | -42.69 (-0.53%) |
| DAX | 17994.41 | -94.29 (-0.52%) |
| Dow Jones | 38460.92 | -42.77 (-0.11%) |
| FTSE 100 | 8094.37 | 53.99 (0.67%) |
| Hang Seng | 17284.55 | 83.27 (0.48%) |
| 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 | 22569.00 | 199 (0.89%) |
| Shanghai Composite | 3052.90 | 8.08 (0.27%) |
| Taiwan Weighted | 19857.42 | -274.32 (-1.36%) |
| US 30 | 38353.80 | -28 (-0.07%) |
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