Market Outlook
After a volatile start to November, Indian equities are hovering near critical support zones. The Nifty 50 has been consolidating below 25,600, and momentum indicators hint at short-term range-bound action.
This environment is ideal for swing traders, where selective stock-specific strength offers high-probability opportunities.
Below are five top swing trading stocks chosen for the week based on price action, volume surge, RSI, MACD, and short-term momentum.
1. Alpex Solar Ltd (CMP ₹ 1,280)
Setup: A strong uptrend continues after a brief consolidation. Price has retested its breakout zone near ₹1,250 and bounced sharply on rising volume.
- Entry Zone: ₹ 1,260 – 1,285
- Stop-Loss: ₹ 1,190
- Targets: ₹ 1,350 / 1,410
- Reasoning: RSI trending above 60 with strong volume support. Clean higher-high pattern visible on the daily chart.
- Bias: Bullish continuation
2. Banco Products India Ltd (CMP ₹ 798)
Setup: The stock has broken a short-term falling channel and now trades above its 20- and 50-day EMAs.
- Entry Zone: ₹ 790 – 810
- Stop-Loss: ₹ 755
- Targets: ₹ 850 / 880
- Reasoning: Quarterly profit growth + strong ROCE of 32%. Positive divergence on MACD indicates renewed buying interest.
- Bias: Bullish reversal
3. Cemindia Project Ltd (CMP ₹ 856)
Setup: Price has been consolidating for 10 days and is now showing an upward breakout with 9% rise in ROCE.
- Entry Zone: ₹ 850 – 870
- Stop-Loss: ₹ 810
- Targets: ₹ 920 / 950
- Reasoning: Consistent quarterly profit (+49%) and strong delivery volume support the move.
- Bias: Accumulation breakout
4. Asian Paints Ltd (CMP ₹ 2,613)
Setup: After multiple tests near ₹ 2,570 support, the stock has formed a bullish hammer pattern.
- Entry Zone: ₹ 2,600 – 2,625
- Stop-Loss: ₹ 2,540
- Targets: ₹ 2,700 / 2,760
- Reasoning: Defensive stock with relative strength outperforming Nifty FMCG. RSI > 55 and MACD turning positive.
- Bias: Bullish rebound
5. Knowledge Marine & Engineering Works (CMP ₹ 2,678)
Setup: Recently completed a flag pattern breakout above ₹ 2,600 with healthy volumes.
- Entry Zone: ₹ 2,660 – 2,690
- Stop-Loss: ₹ 2,580
- Targets: ₹ 2,780 / 2,850
- Reasoning: Low debt, 64 P/E, 12% Qtr Sales Var % and strong order visibility make this an ideal short-term pick.
- Bias: Bullish continuation
Bonus Watchlist Stocks
- Lumax Auto Tech: Recovery from oversold zone with RSI crossing 45.
- Britannia Industries: Range bound but can offer a swing move above ₹ 6,220.
- Vedanta Ltd: Metal theme revival may trigger short-term bounce above ₹ 525.
Strategy for the Week
- Focus on short-term momentum rather than sectoral themes.
- Maintain strict stop-losses as volatility may spike ahead of mid-month events.
- Book profits partially near targets.
- Re-enter only on confirmation candles.
Dhwani Patel’s Swing Trading Insights
“Discipline is the edge in swing trading — a clear plan, tight risk control, and objective exit levels define success. Traders should focus on stocks with consistent volume confirmation and breakout patterns.”
Key Takeaways
| Stock | Bias | Entry Zone | Target Range | Stop-Loss |
|---|---|---|---|---|
| Alpex Solar | Bullish Continuation | ₹ 1,260–1,285 | ₹ 1,350–1,410 | ₹ 1,190 |
| Banco Products | Bullish Reversal | ₹ 790–810 | ₹ 850–880 | ₹ 755 |
| Cemindia Project | Accumulation Breakout | ₹ 850–870 | ₹ 920–950 | ₹ 810 |
| Asian Paints | Bullish Rebound | ₹ 2,600–2,625 | ₹ 2,700–2,760 | ₹ 2,540 |
| Knowledge Marine | Bullish Continuation | ₹ 2,660–2,690 | ₹ 2,780–2,850 | ₹ 2,580 |
Disclosure & Disclaimer: Dhwani Patel (SEBI Registration No: INH200008608) is a SEBI-registered Research Analyst.
The information above is for educational and informational purposes only and does not constitute investment advice.
Trading in securities involves risk of loss; consult your financial advisor before acting on any recommendation.
