Good Swing Trade Stocks (2024)
Good swing trade stocks are those that traders buy and hold for a short period—ranging from a few days to a few weeks—to take advantage of expected price movements.
Swing Trade Stocks List
12 Dec, 2024
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVEU | Avenue Supermarts Ltd | DMART | /stocks/avenue-supermarts-AVEU | Retail - Department Stores | 3,708.30 | 5,484.85 | 3,564.00 | 248,378.30 | 97.93 | 39.71 | 13.28 | 0.00 | 14.59 | -8.88 | -22.19 | 115.10 | Largecap | Consumer Staples Distribution & Retail | Retail | Food Retail | 0.02 |
| HVEL | Havells India Ltd | HAVELLS | /stocks/havells-india-HVEL | Electrical Components & Equipments | 1,752.25 | 2,106.00 | 1,280.00 | 107,144.34 | 84.32 | 51.33 | 14.39 | 0.53 | 18.06 | 30.28 | 27.90 | 175.75 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -0.51 |
| INED | Info Edge (India) Ltd | NAUKRI | /stocks/info-edge-india-INED | Online Services | 8,557.05 | 8,656.30 | 4,705.00 | 110,158.74 | 191.51 | -146.21 | 3.48 | 0.26 | 2.50 | 75.24 | 55.87 | 233.78 | Largecap | Media & Entertainment | Interactive Media & Services | Interactive Media & Services | 1.69 |
| LOD | Macrotech Developers Ltd | LODHA | /stocks/macrotech-developers-LOD | Real Estate | 1,411.00 | 1,649.95 | 877.25 | 139,704.67 | 90.18 | 67.42 | 7.96 | 0.16 | 10.23 | 52.53 | 105.83 | 506.56 | Largecap | Real Estate Management & Development | Real Estate | Real Estate Development | 1.09 |
| PIDI | Pidilite Industries Ltd | PIDILITIND | /stocks/pidilite-industries-PIDI | Diversified Chemicals | 3,191.20 | 3,415.00 | 2,488.10 | 163,425.15 | 94.50 | 31.17 | 18.97 | 0.50 | 21.53 | 25.36 | 35.33 | 139.88 | Largecap | Materials | Chemicals | Diversified Chemicals | -0.70 |
| SBIL | SBI Life Insurance Company Ltd | SBILIFE | /stocks/sbi-life-insurance-company-SBIL | Insurance | 1,456.15 | 1,936.00 | 1,307.70 | 146,483.95 | 77.35 | 18.53 | 9.83 | 0.18 | 13.56 | -0.30 | 22.71 | 50.65 | Largecap | Insurance | Insurance | Life & Health Insurance | -1.11 |
| SIEM | Siemens Ltd | SIEMENS | /stocks/siemens-SIEM | Conglomerates | 7,871.00 | 8,129.90 | 3,809.15 | 280,993.32 | 103.44 | 51.33 | 21.46 | 0.15 | 15.87 | 102.53 | 213.94 | 427.19 | Largecap | Capital Goods | Industrial Conglomerates | Industrial Conglomerates | 0.30 |
| TEML | Tech Mahindra Ltd | TECHM | /stocks/tech-mahindra-TEML | IT Services & Consulting | 1,762.80 | 1,800.75 | 1,162.95 | 172,598.27 | 73.20 | 37.57 | 6.36 | 2.05 | 8.49 | 42.93 | 7.61 | 132.57 | Largecap | Software & Services | Software | IT Consulting & Other Services | 1.94 |
| TREN | Trent Ltd | TRENT | /stocks/trent-TREN | Retail - Apparel | 7,063.30 | 8,345.00 | 2,841.10 | 244,506.05 | 164.45 | 39.71 | 59.60 | 0.05 | 43.95 | 145.13 | 584.93 | 1,321.62 | Largecap | Consumer Discretionary Distribution & Retail | Retail | Apparel Retail | 0.02 |
| UNSP | United Spirits Ltd | UNITDSPR | /stocks/united-spirits-UNSP | Alcoholic Beverages | 1,516.80 | 1,647.50 | 1,041.30 | 110,084.55 | 78.19 | 51.18 | 15.46 | 0.59 | 21.46 | 44.79 | 64.71 | 158.44 | Largecap | Food, Beverage & Tobacco | Beverages | Distillers & Vintners | 0.04 |
Good Swing Trade Stocks
Swing trading is a strategy investors use to capitalise on short to medium-term price movements in the stock market. This method is popular due to its flexibility and potential for substantial returns without day-to-day monitoring. This article will delve into the essential aspects of swing trading, including strategies, the differences from day trading, and how to select stocks that fit this approach.
What is Swing Trading?
Swing trading involves holding stocks for a short period, typically from a few days to a few weeks, to capture price fluctuations. Unlike day trading, which demands rapid trades within the same day, swing trading allows investors more time to make informed decisions, focusing on price trends and patterns over a longer timeframe.
Features of Swing Trading Stocks in India
Swing trading stocks often share key characteristics that make them ideal for this strategy:
- Liquidity: Stocks with higher liquidity ensure smoother transactions and better price execution.
- Volatility: The potential for price swings is essential for swing trading, as it allows traders to take advantage of uptrends and downtrends.
- Technical Indicators: Successful swing trading relies heavily on technical analysis, such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence).
- Fundamental Strength: Fundamentally strong stocks can provide an added layer of security, reducing the potential for sharp, adverse price movements.
Swing Trading Strategies
- Trend Trading: Traders follow the prevailing trend—uptrend or downtrend—and ride the wave until signals indicate a reversal.
- Breakout Trading: This involves identifying stocks poised to break out of a defined range or resistance level. Traders enter when the breakout occurs and ride the momentum.
- Pullback Trading: Investors look for stocks that have pulled back to a support level during an uptrend, entering at lower prices to gain while continuing the trend.
- Momentum Trading: This strategy focuses on good swing trade stocks with solid movements supported by higher trading volumes.
Difference Between Swing Trading and Day Trading
| Feature | Swing Trading | Day Trading |
| Time Horizon | A few days to weeks | Within the same trading day |
| Analysis Type | Technical and some fundamental | Primarily technical |
| Risk Level | Moderate | High due to quick movements |
| Monitoring | Periodic | Constant, throughout the trading day |
| Capital Requirements | Moderate to high | Typically higher for effective returns |
Who Should Invest in Swing Trading Stocks?
Swing trading can be suitable for investors who:
- Have a basic understanding of technical analysis.
- Can dedicate time to analyse stocks regularly but not continuously.
- Are willing to accept moderate risk for potentially higher returns.
- Prefer flexibility compared to the stringent routine of day trading.
How to Invest in Swing Trading Stocks?
Investing in swing trading stocks is similar to purchasing any other stock on the NSE. Here’s how you can start:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the best swing trade stocks today that are of interest to you. Investors can use tools like the Tickertape Stocks Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research the best swing trading stocks and generate swing trade stocks lists based on various parameters.
- Place a ‘Buy’ Order on the best swing trading stocks of your choosing.
How to Select the Best Stocks for Swing Trading?
- Trend Strength: Stocks to buy for swing trading with well-established trends—whether upward or downward—can be more predictable for short-term trading. Identifying these stocks can be part of a strategy focused on trend continuity.
- Screening Criteria: Traders often refer to screening tools like the Tickertape Stocks Screener to filter good swing trade stocks based on specific criteria such as trading volume, recent price fluctuations, PEG Ratio and market capitalisation. This helps narrow down potential stocks that align with a swing trading approach.
- Catalyst Reactions: The best stocks to buy for swing trading that show strong reactions to market news or sector developments may present frequent price swings. Such movements often become focal points for those analysing potential swing trades.
- Sector Analysis: The performance of a stock’s sector can impact its price movements. Stocks within trending or strong-performing sectors may exhibit better opportunities for short to medium-term price action.
- Indicator Overlap: While individual indicators like moving averages, RSI, and MACD provide valuable data points, combining them for a layered analysis can provide more comprehensive insights into price behaviour and potential trade entry points.
Benefits of Investing in Swing Trading Stocks
- Flexibility: The best swing trade stocks can allow traders to work on other commitments while monitoring trades periodically.
- Potential for Significant Gains: Capitalises on short-term price movements.
- Diverse Strategy Options: Investors can adapt different strategies to match market conditions.
Risks of Investing in Swing Trading Stocks
- Market Volatility: Price swings in the swing trading stocks for this week can be unpredictable and may result in losses if not monitored closely.
- Overnight Risks: Holding even the best share for swing trades overnight exposes traders to risks from market gaps or news events.
- Emotional Trading: Emotional decisions can lead to premature selling or holding onto losing trades for too long.
Factors to Consider When Investing in Good Swing Trade Stocks
When engaging in swing trading, certain factors are often taken into account:
- Volatility: Price movements are essential for swing trading, and swing stocks showing consistent swings are often closely watched.
- Market Conditions: Overall, market trends and economic factors can influence stock behaviour and impact the success of trades.
- Technical Indicators: Moving averages, RSI, and MACD are commonly utilised to assess trends and identify strategic entry and exit points.
- Liquidity: Good swing trade stocks with higher trading volumes are often preferred due to ease of buying and selling.
- News and Events: Company announcements or sector news can lead to price changes, which some traders use to their advantage.
- Risk Management: Techniques such as stop-loss orders are often used to limit potential losses.
To Wrap It Up…
Swing trading can be an effective strategy for those seeking to balance the time commitment of investing with the potential for significant short- to medium-term returns. By mastering key strategies, employing sound technical and fundamental analysis, and adhering to disciplined risk management, traders can enhance their ability to capitalise on market movements.
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Frequently Asked Questions About Good Swing Trade Stocks
Is swing trading safe?
The safety of swing trading depends on the trader’s approach. While it offers a more moderate pace than day trading, it does involve holding breakout stocks for swing trading over days or weeks, which can be impacted by overnight market events. Understanding technical analysis and employing risk management can help reduce potential issues.
How do I evaluate stocks for swing trading?
Evaluating stocks for swing trading involves identifying those with price volatility, solid trading volumes, and relevant chart patterns. Common tools include moving averages, RSI, and MACD, which provide insights into trends and momentum shifts. Reviewing historical price movements helps in understanding potential performance.
Is swing trading a good strategy for beginners?
Swing trading can be considered by those new to trading who grasp technical analysis basics. It does not require minute-by-minute attention, allowing traders to balance it with other responsibilities. Practising with mock trades before entering the market can provide better preparation.
How to use technical analysis to pick swing trading stocks?
Technical analysis uses indicators like moving averages, RSI, and MACD to determine trends and price action. Patterns such as breakouts and pullbacks signal potential entry points. These techniques can help traders identify moments where price momentum aligns with strategic opportunities.
Are swing trading stocks risky?
There is an inherent risk in swing trading due to price volatility and the holding period that spans multiple days. Risks include unexpected news affecting stock prices after market hours. Employing strategies like setting stop-losses and diversifying holdings can mitigate some of these risks.
