Top swing trading ideas you should not miss.

Best Swing Trading ideas based on price and volume percentage surge. Shilpa Medicare, NMDC, Torrent Power.

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. Shilpa Medicare: The stock had witnessed a breakout of a downward sloping trendline. This was formed connecting the swing high from July 27 onwards. Interestingly, the stock witnessed a follow-up move in the direction of the breakout along with a rise in the volumes. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range was greater than its 10-day average range. 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 640 followed by Rs 675 while on the downside the support is seen around levels of Rs 594.

2. NMDC: The stock has formed a bullish candle on Monday as it jumped over 5%. The stocks' daily range on Monday 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 August 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 161, while immediate support is seen around Rs 149.

3. Torrent Power: The stock has jumped over 7% on Monday and with this, it has witnessed a breakout of pennant like pattern along with a huge spurt in volume. Interestingly, the stock has met the criteria of volume and price surge on Monday. 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 560 in the near to medium term. On the downside, support is seen around Rs 520 levels.