Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!
Top 2 stocks to watch for Swing Trading.
Sensex ends volatile session 73 pts lower, Nifty settles below 24,800
Following are the 2 stocks to watch for Swing Trading:
Olectra Greentech Ltd: Olectra Greentech Ltd is currently trading at Rs 1719.9, reflecting a 2.16 per cent increase from the previous close of Rs 1683.5. The stock hit a high of Rs 1738.8 during the day, with a traded volume of 7.91 lakhs, which is near the 20-day average volume. The stock is showing potential support at the 50-day Exponential Moving Average (DEMA). The Moving Average Convergence Divergence (MACD) indicator has formed a bullish crossover, and the Relative Strength Index (RSI) is trading at 56.27, moving towards bullish territory. With a 52-week high of Rs 2221.95 and a 68.95 per cent return from the 52-week low, the stock is on the radar for swing trading setups.
Aster DM Healthcare Ltd: Aster DM Healthcare Ltd is trading at Rs 427.05, up 0.42 per cent from the previous close of Rs 425.25. The stock reached a high of Rs 430.65 during the day, with a traded volume of 6.62 lakhs, exceeding its 20-day average volume. It recently bounced off its 50-day Exponential Moving Average (EMA), and a bullish MACD crossover has occurred. The Relative Strength Index (RSI) is in a neutral zone, trading at 59.36. The stock has seen a return of 37.27 per cent from its 52-week low, and its 52-week high stands at Rs 558. The stock is showing signs of momentum, making it one to watch for swing trading opportunities.
Disclaimer: The article is for informational purposes only and not investment advice.