Top swing trading ideas you should not miss!

resr 5paisa Research Team 15th December 2021 - 05:07 pm
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Best Swing Trading ideas based on price and volume percentage surge are Fine Organics, PI Industries, Fortis Healthcare. 

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:

Fine Organics: The stock surged about 5.74% on Wednesday and hit a fresh all-time high. It was in consolidation mode and was seen taking support of 20-DMA before rallying. This price action is accompanied by a rise in volume. RSI has jumped to 66 indicating bullishness. Technical parameters showing bullishness and above-average volume make the stock attractive for swing trading.

PI Industries: The stock zoomed about 4.58% in Wednesday’s trading session. It is consolidating for quite some time. The stock closed well above 50-DMA with a huge volume. RSI is at 61 and shows strength. Looking at today’s strong candle, one can expect a big momentum that is about to come. One can include this stock in their watchlist for upcoming days and is a good one for swing trade.

Fortis Healthcare: The stock rose over 2% on Wednesday. The stock is going strong for four trading sessions and rising volumes have been recorded during this period. It trades above all the key moving averages and RSI is well in the bullish territory. The stock has been facing resistance at 295 levels, and with the momentum that it is showing, one can expect the stock to be breaking this resistance.

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