Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!
Top 3 stocks to watch for Swing Trading.
A long red candle with a very small lower shadow has formed on the daily chart. After opening higher, benchmark indices Sensex and Nifty fell in the trade on Thursday.
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Following are the 3 stocks to watch for Swing Trading:
Karur Vysya Bank Ltd: Karur Vysya Bank Ltd is currently trading at Rs 214.5, reflecting a 5 per cent rise from its previous close of Rs 204.28. The stock has seen a significant increase in traded volume, with 1.44 crore shares exchanged, which is six times the 20-day average. It crossed both its 20-day and 50-day EMA, signaling a potential short-term upward momentum. A recent MACD crossover indicates a positive shift, while the RSI stands at 58.61, approaching the bullish zone. With returns of 55.21 per cent from its 52-week low, this stock remains on the radar for swing traders.
Welspun Corp Ltd: Welspun Corp Ltd is trading at Rs 729.2, up 1.05 per cent from its previous close of Rs 721.65. The stock has shown a strong upward trend, bouncing from its 50-day EMA and closing in the green for four consecutive sessions. It has a trading volume of 8.9 lakh shares, showing moderate interest. A MACD crossover suggests continued momentum, while the RSI is neutral at 57.92. The stock has returned 89.01 per cent from its 52-week low, making it a potential candidate for swing trades.
Mphasis Ltd: Mphasis Ltd is currently trading at Rs 3090.95, reflecting a 6.17 per cent increase from its previous close of Rs 2911.35. The stock is trading near its 52-week high of Rs 3187.8, with a traded volume of 53.58 lakh shares, surpassing its 20-day average. A recent MACD crossover indicates bullish momentum, while the RSI is nearing the bullish zone at 58.47. The stock has provided returns of 49.39 per cent from its 52-week low, positioning it as an active stock for swing trading strategies.
Disclaimer: The article is for informational purposes only and not investment advice.