October 27, 2024

Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!

Posted By: ndeeney

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Top 2 stocks to watch for Swing Trading.

Benchmark indices Sensex and Nifty 50 recovered from early losses to trade in the green on Friday on value purchase after the recent fall.

Following are the 2 stocks to watch for Swing Trading:

CESC Ltd: CESC Ltd saw a positive movement, with the stock closing at Rs 197.49, up 2.34 per cent from the previous close of Rs 192.97. The traded volume was 78.19 lakhs, significantly higher than the 20-day average, indicating heightened interest. The stock is taking support on its 50-day exponential moving average (DEMA), suggesting stability in recent trading sessions. MACD crossover has occurred, which is often seen as a signal of potential momentum shift. The RSI is currently trading at 55.32, nearing the bullish zone. With a market capitalisation of Rs 26,178.68 crore, the stock has returned 139.96 per cent from its 52-week low, signaling multibagger returns.

Wipro Ltd: Wipro Ltd traded at Rs 547.75, marking a 3.59 per cent increase from its previous close of Rs 528.75. The stock’s Friday volume stood at 3.73 crore, three times its 20-day average volume. The stock rebounded from its 50-day EMA, showing strength. A MACD crossover has taken place, indicating possible positive momentum. The RSI is neutral, trading at 57.33, suggesting the stock has room for upward movement. With a market capitalization of Rs 2,86,669.42 crore, Wipro has delivered 46.05 per cent returns from its 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.

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