Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!
Top 3 stocks to watch for Swing Trading.
A long bull candle appeared on Nifty’s daily chart, signaling a potential upside breakout from a recent narrow range. After trading between 25,200 and 24,700 over the past few sessions, the index has bounced back and is now approaching the upper limit of 25,200.
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Following are the 3 stocks to watch for Swing Trading:
Doms Industries Ltd saw a percent change of 3.89 per cent and is currently trading at Rs 2799, close to its previous high of Rs 2975. The traded volume on Monday was 1.10 lakh shares, aligning with its 20-day average. The stock has bounced from the 50-day EMA, showing technical support. The MACD crossover has occurred, indicating potential momentum, and the RSI is entering the bullish zone at 59.40. With multibagger returns of 128.38 per cent from its 52-week low, this stock is approaching its 52-week high, signaling potential action in swing trading.
Computer Age Management Services Ltd is trading at Rs 4602, reflecting a 2.01 per cent rise from the previous close. The stock attempted to break the Rs 4,750 resistance level with a traded volume of 6.09 lakh shares, exceeding its 20-day average. The MACD crossover suggests a shift, while the RSI is neutral at 57.49. With a return of 106.37 per cent from the 52-week low, this stock is positioned for potential movement, especially if the Rs 4750 level is breached.
Persistent Systems Ltd is currently trading at Rs 5620, nearing its 52-week high of Rs 5638.95 after a 2.75 per cent rise. The traded volume was 4.46 lakh shares, showing active participation. The stock has formed a bullish engulfing candlestick pattern after bouncing from the 20-day EMA, signaling positive momentum. A recent MACD crossover and an RSI of 64.13, entering the bullish zone, suggest a continuation of the trend. The stock has delivered a 99.80 per cent return from its 52-week low, making it a potential focus for swing trading.
Disclaimer: The article is for informational purposes only and not investment advice.