🚀 Top Swing Trading Stocks for Monday 27 October — CHENNPETRO, KEI, GESHIP, BAJAJ AUTO, ACE & DRREDDY
Stock market momentum is heating up again as the Nifty and Bank Nifty hold key support zones 💪. After a few sessions of consolidation, several stocks have started showing strong technical setups — perfect for swing traders who love price action-based entries.
In today’s analysis, we’ll look at six strong stocks — CHENNPETRO, KEI, GESHIP, BAJAJ-AUTO, ACE, and DRREDDY — that are showing clean breakout and reversal patterns for the upcoming week.
🔥 Market Overview
The overall market sentiment looks stable with select sectors like Auto, Pharma, and Shipping showing renewed strength. Midcaps and smallcaps are also bouncing from demand zones, indicating possible rotation and bullish participation.
📊 Many stocks are now taking support at key zones, signaling the beginning of a new short-term uptrend — ideal for swing setups with defined risk.
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🛢️ CHENNPETRO — Strong Reversal from Demand Zone
Chennai Petroleum Corporation Limited has once again respected its major demand zone on the daily chart. The stock gave a solid green candle formation after testing the support area.
🔸 Price action shows multiple rejections from lower levels, suggesting strong buying interest.
🔸 Volume confirmation supports the reversal momentum.
🔸 A sustained move above the zone can trigger a fresh swing leg.
⚡ Sector View: Oil and energy sector stocks have been consolidating for weeks — CHENNPETRO looks ready for a near-term bounce as crude stabilizes.
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⚡ KEI — Trendline Support Intact
KEI Industries continues to respect its long-term ascending trendline on the daily chart. The stock has been consolidating in a narrow range, forming a higher low structure — a bullish continuation sign.
🔸 Strong technical base formation with support around dynamic trendline.
🔸 Momentum indicators recovering from oversold zones.
🔸 Any breakout candle can give a clean swing opportunity.
⚙️ Sector Strength: The power and cable sector has seen strong delivery-based buying in recent sessions, hinting at sectoral momentum continuation.
🚢 GESHIP — Shipping Theme Heating Up
Great Eastern Shipping (GESHIP) has been among the best trending stocks in the shipping space ⚓. After forming a steady base, the stock has shown a bullish bounce with rising volume — a perfect continuation setup.
🔸 Price structure clean with higher highs and higher lows.
🔸 The demand zone is holding tightly with strong follow-through candles.
🔸 Volume breakout confirms institutional participation.
💡 Technical View: GESHIP’s steady uptrend combined with strong fundamentals keeps it in focus for positional swing traders.
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🏍️ BAJAJ AUTO — Auto Sector Momentum Continues
BAJAJ AUTO has been one of the most stable performers in the auto pack. The stock recently retested its breakout zone and has shown a strong rebound candle indicating renewed strength from bulls.
🔸 Reversal from demand zone on the daily chart.
🔸 Momentum indicators showing positive crossover.
🔸 Auto index showing relative strength — supporting follow-through move.
🚗 Sector Outlook: The auto segment continues to outperform as festive demand and export volumes remain robust.
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🏗️ ACE — Perfect Base & Bounce Setup
Action Construction Equipment (ACE) has given a textbook base and bounce formation. The stock respected its horizontal support and turned green with a bullish candle — a classic swing trading structure.
🔸 Strong demand zone tested multiple times.
🔸 Price action forming bullish engulfing structure.
🔸 Momentum building for another push towards upper resistance.
⚡ Traders’ Note: When a stock forms a clean support structure after a correction, it often sets up for high-probability swing trades — ACE fits that pattern beautifully.
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💊 DRREDDY — Pharma Strength Returns
Dr. Reddy’s Laboratories has been quietly consolidating for weeks and now showing signs of accumulation. The stock’s tight range and positive price structure make it a low-risk, high-reward setup for swing traders.
🔸 Accumulation visible around 50 EMA.
🔸 Buyers active in every dip — strong support base.
🔸 Pharma index also rebounding, giving a tailwind to DRREDDY.
💊 Technical View: As long as the stock holds the base structure, it can continue to perform steadily in coming weeks.
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📈 Summary
Here’s a quick wrap-up of the six swing stocks for Monday’s watchlist 👇
🔸 CHENNPETRO – Reversal from strong demand zone
🔸 KEI – Trendline support intact
🔸 GESHIP – Shipping theme strength continues
🔸 BAJAJ AUTO – Auto sector bullish momentum
🔸 ACE – Base and bounce setup
🔸 DRREDDY – Accumulation breakout zone
All these stocks show strong price action confirmation — suitable for swing traders who rely on chart-based entries. Keep an eye on how these setups behave in early sessions next week.
⚡ Final Thoughts
Swing trading is all about catching short-term moves within strong trends. These stocks reflect technical strength, healthy volumes, and solid risk-reward structures.
Stay disciplined, trade with proper risk management, and follow your strategy — the market always rewards consistency 📊
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