Top swing trading ideas you should not miss!

resr 5paisa Research Team 17th November 2021 - 04:01 pm
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Best Swing Trading ideas based on price and volume percentage surge. Asian Paints, Eid Parry, and Sharda Cropchem.

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:

Asian Paints: The stock gained a healthy 2.5% on Wednesday as it looks to regain momentum after the recent slump. It closed just above the 50-DMA with an above-average volume. The stock formed a strong green candle on the chart with a bigger volume which was well above its 10-day and 30-day daily average volume. RSI is going strong at 57 showing strength. Considering its strong price action, Traders must include this stock in their watchlist for upcoming days. The stock looks attractive for swing trading.

Eid Parry: Eid Parry gained 2% on the trading session that ended Wednesday. It was trading firmly in green throughout the day but witnessed some correction in the last 15 minutes. It is currently trading above all its key moving average and RSI shows strength at 65. Today, above-average volume was recorded in the daily time frame. The stock looks technically strong, and with higher volumes, it can finally break its all-time high level of 533 in the coming days. Swing traders should closely watch this stock for quick profits. 

Sharda Cropchem: The stock rose 4.31% in Wednesday’s trading session. The stock has been underperforming for several weeks as it looks to gain momentum. It closed above key moving averages today showing a healthy sign of recovery. The stock has witnessed higher volumes today and we could possibly see a trend in the coming days. RSI is positioned at 59 and looks to gain momentum. This is an ideal candidate for swing trading and traders must include this stock in their watchlist for upcoming days.

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