Top Swing Trading Stocks for This Week (Jan 19–23, 2026)
Swing trading remains one of the most effective short-term strategies for traders who want to capture 2–10% price movements within a few days to a couple of weeks. With market volatility staying elevated and sector-wise rotation clearly visible, this week presents multiple high-probability swing trading opportunities.
In this weekly swing trading outlook, Dhwani Patel identifies technically strong stocks based on:
- Price action
- Volume expansion
- Relative strength vs index
- Short-term momentum indicators
This list is curated for short-term traders, not long-term investors.
Market Context for Swing Trading (Jan 19–23, 2026)
Before jumping into individual stocks, let’s understand the broader market setup:
- Nifty is showing range-bound behavior with selective strength
- PSU banks continue to outperform
- Metal and financial stocks are seeing renewed interest
- Volatility remains supportive for swing traders
- Stock-specific momentum is stronger than index movement
👉 This environment favors selective stock picking, not broad index trades.
Top Swing Trading Stocks List (Jan 19–23, 2026)
| Stock Name | CMP (₹) | 1M Return | 3M Return | 52W High | 52W Low | Market Cap (₹ Cr) |
|---|---|---|---|---|---|---|
| State Bank of India | 1,042.30 | 8.22% | 18.86% | 1,030.40 | 680.00 | 9,62,107 |
| Axis Bank | 1,294.20 | 0.63% | 9.98% | 1,308.00 | 933.50 | 4,01,783 |
| Vedanta | 682.70 | 25.59% | 42.21% | 679.45 | 363.00 | 2,66,962 |
| Tata Steel | 188.21 | 9.49% | 10.38% | 190.65 | 122.94 | 2,34,952 |
| Bank of Baroda | 308.25 | 8.37% | 16.78% | 311.80 | 190.70 | 1,59,407 |
| Punjab National Bank | 132.36 | 12.35% | 14.83% | 129.00 | 85.46 | 1,52,121 |
| Union Bank of India | 176.15 | 15.33% | 28.58% | 180.69 | 101.71 | 1,34,466 |
| AU Small Finance Bank | 1,025.40 | 5.92% | 32.71% | 1,026.80 | 478.35 | 76,590 |
| Federal Bank | 270.25 | 3.41% | 25.44% | 271.10 | 172.66 | 66,561 |
| MCX | 2,446.00 | 20.35% | 30.14% | 2,445.00 | 881.63 | 62,371 |
1️⃣ State Bank of India (SBI)
Trading Outlook: Strong bullish continuation
Why this stock?
- PSU banking leader with consistent volume support
- Price near lifetime highs
- Strong participation from institutions
Swing Trade Setup
- Entry Zone: ₹1,020 – ₹1,040
- Targets: ₹1,080 / ₹1,120
- Stop Loss: ₹990
Why SBI?
- Higher highs & higher lows structure
- Relative strength vs Nifty Bank
- Favorable momentum indicators
2️⃣ Axis Bank
Trading Outlook: Range breakout candidate
Swing Trade Setup
- Entry Zone: ₹1,280 – ₹1,300
- Targets: ₹1,340 / ₹1,380
- Stop Loss: ₹1,250
Technical View
- Consolidation after recent run-up
- Likely breakout if volume expands
- Risk-reward remains favorable
3️⃣ Vedanta
Trading Outlook: Strong momentum stock
Swing Trade Setup
- Entry Zone: ₹660 – ₹680
- Targets: ₹720 / ₹760
- Stop Loss: ₹635
Why Vedanta?
- Strong metal sector momentum
- Consistent higher closes
- Sharp increase in delivery volume
4️⃣ Tata Steel
Trading Outlook: Pullback buying opportunity
Swing Trade Setup
- Entry Zone: ₹182 – ₹188
- Targets: ₹198 / ₹205
- Stop Loss: ₹176
Technical Strength
- Metal sector strength intact
- Breakout above key moving averages
- Healthy RSI without overbought signs
5️⃣ Bank of Baroda
Trading Outlook: Bullish continuation
Swing Trade Setup
- Entry Zone: ₹300 – ₹305
- Targets: ₹325 / ₹340
- Stop Loss: ₹288
Why this stock?
- Strong PSU banking momentum
- Price sustaining above breakout level
- Volume confirmation present
6️⃣ Punjab National Bank (PNB)
Trading Outlook: Aggressive swing buy
Swing Trade Setup
- Entry Zone: ₹126 – ₹132
- Targets: ₹145 / ₹155
- Stop Loss: ₹120
Risk Note: Slightly volatile but high reward potential
7️⃣ Union Bank of India
Trading Outlook: Strong bullish structure
Swing Trade Setup
- Entry Zone: ₹170 – ₹176
- Targets: ₹190 / ₹200
- Stop Loss: ₹162
Why Union Bank?
- Strong institutional participation
- Multiple weeks of positive closes
- Momentum clearly visible
8️⃣ AU Small Finance Bank
Trading Outlook: Momentum continuation
Swing Trade Setup
- Entry Zone: ₹990 – ₹1,020
- Targets: ₹1,080 / ₹1,130
- Stop Loss: ₹960
9️⃣ Federal Bank
Trading Outlook: Accumulation breakout
Swing Trade Setup
- Entry Zone: ₹260 – ₹270
- Targets: ₹290 / ₹305
- Stop Loss: ₹248
🔟 MCX
Trading Outlook: Strong trending stock
Swing Trade Setup
- Entry Zone: ₹2,350 – ₹2,420
- Targets: ₹2,600 / ₹2,750
- Stop Loss: ₹2,280
Why MCX?
- Strong delivery buying
- High momentum stock
- Excellent trend structure
Risk Management Strategy by Dhwani Patel
Always remember:
- Risk only 1–2% per trade
- Use strict stop-loss
- Avoid overtrading
- Don’t chase breakouts blindly
Swing trading success depends more on discipline than predictions.
Weekly Swing Trading Summary
✔ PSU banks remain strong
✔ Metals showing fresh momentum
✔ Avoid low-volume stocks
✔ Focus on price + volume confirmation
FAQs – Swing Trading Stocks (Jan 19–23, 2026)
Q1. What is swing trading?
Swing trading aims to capture short-term price movements over a few days to weeks.
Q2. Are these stocks suitable for beginners?
Yes, but beginners must follow stop-loss strictly.
Q3. Can I trade all stocks together?
No. Pick 2–3 high-quality setups only.
Q4. Is this for intraday trading?
No. These are positional swing trades.
Q5. Who curated these swing ideas?
These swing trading ideas are curated by Dhwani Patel based on technical analysis and market structure.
Disclaimer
This swing trading analysis is prepared by Dhwani Patel (SEBI Registered Research Analyst – INH200006608).
All information provided is for educational purposes only and should not be considered investment advice.
Trading in securities involves significant risk. Please consult your financial advisor before investing.
