Best Swing Trading Stocks for 19 June 2024 || Top Swing Trading Stocks

Best Swing Trading Stocks for 19 June 2024

In the past few days, the Indian stock market has shown high volatility, from rising +800 points in a single day to falling -1300 points in a day. This was the biggest fall ever in the history of the Indian stock market, and investors have lost massive amounts of money in a single day. Indian elections and the uncertain position of parties are the primary reason behind this fall.

After one week of the election, the market caught the pace, and Nifty50 crossed the benchmark of 23000. So, for the swing trader, it is one of the biggest opportunities to hold the stock for a limited period and get handsome returns on their investment.

In this blog, we will explore some stocks trading in the best zone and most suitable for buying and holding for a few weeks to a month. 

List of Top Swing Trading Stocks

We have compiled a list of swing trading stocks based on their daily trading volume, institutions’ interest, closing price, 1M Return vs Nifty (%), and % Away From 52W High. However, this is just an observation, and it is recommended to do your own research before investing in any stock.

Raymond Ltd

After consolidating for more than 1 month, this stock has shown a strong breakout. There is no resistance and it has touched the mark of all time high. Let’s explore the matrix of this stock. 

Market Cap (Cr)14,817.34
Close Price (Rs)2,555.90
Daily Volume12,87,407.00
% Away From 52W High5.05
1M Return vs Nifty (%)13.09

Panama Petrochem Ltd

Panama Petrochem Ltd. is at a crucial point if it crosses the mark of 400 there is great possibility of strong breakout. You can observe this stock and keep it in your watchlist. 

Market Cap (Cr)2,100.64
Close Price (Rs)379.45
Daily Volume1,31,205.00
% Away From 52W High5.15
1M Return vs Nifty (%)8.53

JSW Energy Ltd

JSW Energy Limited 

Market Cap (Cr)1,04,771.65
Close Price (Rs)629.65
Daily Volume19,89,705.00
% Away From 52W High5.42
1M Return vs Nifty (%)10.49

Conclusion

So, above, we have made a list of a few stocks that you can buy for swing trading. You can hold these stocks for 7 to 15 days to get decent returns. Swing trading is a game of patience, and if you want to make your profitable in the long term, you have to be disciplined and follow the price actions. 

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