Thursday, August 20, 2020

2 Stocks to Watch For Swing Trade | Perfect Chart Set Up

Stocks to Watch for Swing Trade


 ➽ 2 Stocks looks good for Swing Trade  and has a perfect chart setup . These stocks can appreciate  10 to 20 % in a time frame of 1 week to 4 weeks . These are selected  on pure Technical basis and fundamentals not considered. Now lets check the both stocks on Technical charts.

1) Orient Electric ( ORIENTELEC ) , CMP : 186

ORIENTELEC ON DAILY CHART




➽ On 20 August 20 Stock of Orient Electric closes above the 185 resistance line with good volume ( Price-Volume Breakout ). The stock is in a perfect chart setup for swing trade.

➽ Now next resistance for the Orientelec is at the level of 215, which means the stock has potential to appreciate 15 % from today closing price.



Two Stocks To Watch For Swing Trade | Price-Volume Breakout

2) VIP Industries ,( VIPIND ) , CMP : 279

VIPIND ON DAILY CHART





➽ The stock on 20 August closes above the resistance level of 279 with good volume.The stock is in a perfect chart setup for swing trade.

➽ Now next resistance for the VIPIND is at the level of 315, which means the stock has potential to appreciate 12 % from today closing price.


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Disclaimer-

In NO WAY should be considered as a tip as it is based on past data. We strongly recommend to use these signals for information only and seek to advise from a certified professional for any trading decision.www.finvestonline.com is not a SEBI registered Investment Adviser or Research Analyst.Each user shall be responsible for the risks of their own investment activities and, in no event, shall www.finvestonline.com be liable for any losses or damages, monetary or otherwise, that result from actions taken after reading the contents of reports, reviews and analysis published on the www.finvestonline.com. www.finvestonline.com recommends that anyone trading securities should do so with caution and consult with a broker and financial advisor before doing so, as stock market has a high degree of volatility and risk.



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