Typically, a swing trading strategy follows a consistent direction of the wave until the stock changes its direction. Yes, swing trading is completely safe when traders use trusted apps for swing trading such as 5Paisa app, Sharekhan app, and Angel One app. You just need to check that your app offers accuracy and security to facilitate safe trading. In swing trading, traders can even hold a stock over a night, for two days, or for several weeks, until they find the right trading opportunity.

• This is not a matter of “Will the stock market crash again?
• So every candle represents the range of prices in a 10-min period.
• Select stocks that have a trend of extreme highs and extreme lows.
• In fact We advise every student to start with small capital.
• With Zerodha, swing trading is quite smooth and hassle-free and also very pocket-friendly.

Indian swing traders also take short-term challenges on a company where earning release is expected. Here the idea is to profit from buying shares of companies expecting outstanding results and selling shares of companies expecting poor results. In our swing trading stock tips India, we use algorithms to find out highly profitable swing trading stock recommendations. Successful swing traders mostly make their trading decisions based on technical analysis. It can help them with identifying market opportunities, trends and can be used to gain technical and fundamental analysis knowledge. In brief, it can help traders decide when to hold or sell an investment position.

Brokerage Charges

It has different options for customization which can help in finding the different aspects of swing trading easily. Starting from the integrated charts, trading signals, multiple features, it has it all. The Sharekhan App is also one of the fastest apps in the market. It has the best of the features, it is loaded with advanced technical tools that can just boost your swing trading the right way possible.

Wait for breakout and do your own analysis before trading in this stock. Once a trade reaches the profit goal, or triggers a stop loss, it moves to the past trades section. Click on any ticker to get a snapshot of the closed trade.

As compared to day trading and trend trading, swing trading falls in the center of these two extreme trading styles. The best indicators for swing trading are volume, moving averages, movement ease, stochastic, RSI , and more. Some of the best platforms for swing trading are Upstox, 5Paisa app, and ICICI Direct app. They offer great charting tools and allow margin trading with zero to low interest rates. To make profits in swing trading, you need to have the right swing trading app for Android and iOS. Let’s have a look at the top 5 ones available on Play Store and App Store.

Learn

Sometimes it can be challenging, where stocks tend to display unexpected waves even if the indicators are stable for weeks or more. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. Apart from this, the firm also provides great trading platforms.

For example, HDFC Bank stock is trading at Rs. 1000 and you expect it to go up by Rs. 20. So you will place a target of Rs. 1020 in the bracket order and Rs. 990 (1% below Rs. 1000) as stop loss. For City Union Bank, the quarterly earnings were very good and the stock had gone down a bit in the past few days. So I felt that the stock will react very positively to the news. It made me doubt whether the stock will go up further on this news. The last candle is a big red candle which probably means the market is already expecting weak performance in quarterly results.

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This entering trade strategy ensures that while one sell order is successfully executed, the other gets canceled. Traders can observe these lines and wait for them to cross again in order to achieve a trade-worthy position in the reverse direction. The support levels indicate a buying opportunity for you while hinting at a potential stop-loss point https://1investing.in/ just below it. Stop Loss Stop loss makes sure that you incur a limited loss on your trade. With this feature, you can set a trigger, which will close an open position when it is met. You have to wait for some time to find out whether your prediction methodology is correct, and whatever system that you have in place will have to run its course.

Using a simple swing strategy can be all it takes to succeed in this business. The basic principles for swing trading that every beginner should adhere to is to only buy uptrends and only sell downtrends. But in order to take advantage of the ebbs and flows of the market you need to learn how to identify the right swing high and low. Here is a quick trading guide to spotting correctly swing highs and swing lows in any market.

You can protect your account by using the account value shield option. Angel Broking trading platform is having all the features that we mentioned above. The first thing to check is the overall performance and speed of the trading platform. Whether it can execute the orders immediately or not and other factors. So, these five factors are mandatory to be there in any platform you are thinking of using for swing trading. Swing trading is one of the popular formats and strategies for trading, you will need advanced trading platforms for the same.

Get Regular Market Analysis

Now you will need to study the price chart of the stock. The above image is an example of a candlestick price chart. If the stock is trading at Rs. 250, you will be able to buy 400 shares (equal to Rs. 1,00,000) even if you have only Rs. 20,000 in your trading account. Take a small position at breakout and a bigger one at pullback continuation.

His streamlined and transparent trading system makes his clients safe, profitable, and happy. Each month, over a hundred professionals trust us to find the best positional trading stocks in India. Supportive pricing levels are positioned below the current market price. These denote a positive phenomenon when the selling pressure in the market succumbs to the buying spree. This is when a supposed downtrend meets a stoppage point and swings in the opposite direction.

How To Do Intraday Trading For Beginners

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Follow a good finance website/app for market-related news and for picking ‘trending’ stocks. However, you can try options trading as you can trade with as little as Rs 5000. Options trading has the possibility of earning exponential returns within a day with very little investment. After reading the charts, you have to form a view about the stock you are planning to trade. Let’s say you open a 10-min candlestick chart of a stock at 9.30 a.m. If the price goes up and ends up at Rs. 231 at 9.40 a.m., the candle formed will be a green candle.

MCX stock is closed and sustained above the Resistance Level of 1497. Expected target for the MCX swing trade india is 1637 (almost 6 % from CMP). Some complex strategies can be too overwhelming and confusing.