Fast Profits: Best Swing Trading Stocks to Watch Right Now!
Top 3 stocks to watch for Swing Trading.
Indian equity indices closed in the green on Wednesday, driven by gains in banking and IT stocks ahead of the U.S. reciprocal tariff announcement. The Sensex ended the session 587 points higher, or 0.78 per cent, at 77,619, while the Nifty 50 gained 166 points, or 0.72 per cent, to close at 23,519. The index traded below its 200-DEMA during the session. The Nifty Bank outperformed the benchmark indices, rising 520 points to settle at 51,348.
Broader indices also outperformed, with the Nifty Mid-Cap advancing 1.61 per cent and the Nifty Small-Cap closing 1.12 per cent higher. Meanwhile, India VIX remained around 13.5, declining by 0.6 per cent during the day.
The following are the 3 stocks to watch for Swing Trading:
Refex Industries Ltd: Refex Industries Ltd is currently trading at Rs 409, showing a percent change of 4.55 per cent from its previous close of Rs 391.2. The stock has a traded volume of 3.95 lakh shares. It is trading in a range and remains 31 per cent below its 52-week high of Rs 600. The stock is above its 200-DEMA, and the price has faced multiple rejections from a key support level. Strong volumes indicate active participation.
The stock has delivered multibagger returns of 229.18 per cent from its 52-week low. A base formation at the current level is possible, given the repeated rejections from support. Price action suggests a possible consolidation phase, and further movement can be confirmed with volume and price breakout. The market cap stands at Rs 5299.43 crore, and traders may observe how the stock reacts to support and resistance levels.
Shivalik Rasayan Ltd: Shivalik Rasayan Ltd is currently trading at Rs 666.2, marking a percent change of 1.95 per cent from its previous close of Rs 653.45. The stock has a traded volume of 0.45 lakh shares. It is trading around key EMAs, maintaining proximity to these levels. A bullish engulfing candlestick pattern formed a few sessions ago, and the RSI is near 50.
Returns from the 52-week low stand at 33.24 per cent, with a market cap of Rs 1036.63 crore. The stock’s movement near important moving averages suggests potential price direction, and further movement will be confirmed with volume expansion. The overall trend will depend on price stability and follow-through from recent patterns. Observing price action near support and resistance levels will provide further confirmation.
Ganesh Housing Corp Ltd: Ganesh Housing Corp Ltd is currently trading at Rs 1081.5, showing a percent change of 2.46 per cent from its previous close of Rs 1055.55. The stock has a traded volume of 1.31 lakh shares. It is trading above its 200-DEMA, indicating strength in price levels. The stock price showed rejection from buyers today, forming a long wick, suggesting possible base formation.
The stock has given a return of 47.73 per cent from its 52-week low. It remains 27 per cent below its 52-week high of Rs 1485, with a market cap of Rs 9018.31 crore. Price action at current levels may indicate a consolidation phase, and further confirmation will come from volume trends. Observing the stock’s reaction near recent rejection points can provide insight into its movement.
Disclaimer: The article is for informational purposes only and not investment advice.