Swing Trading Stocks: Week of 04 December 2023

Swing Trading Stocks for the Week

At the beginning of every week, our analysts scan through the markets and provide a list of the five best swing trade stocks. The stocks are recommended from a wider list of stocks with the help of fundamental and technical analysis. We regularly update our success rate and issue special commentary during special market events. The average holding period could be between 7-10 days on average.

Weekly Stocks for Swing Trading

1. Sobha (SOBHA)

Sobha has an operating revenue of Rs. 3,727.25 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 51% from 50DMA and 200DMA.

Sobha share price Target for this week:

• Current Market Price: Rs. 949

• Stop Loss: Rs. 920

• Target 1: Rs. 978

• Target 2: Rs. 1005

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONSOLIDATION BREAKOUT in this stock hence making SOBHA, as one of the best swing trade stocks.

2. Sutlej Textiles & Industries (SUTLEJTEX)

Sutlej Textiles & Inds. has an operating revenue of Rs. 2,848.05 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 2% needs improvement, ROE of 3% is fair but needs improvement. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 26% from 50DMA and 200DMA.

Sutlej Textiles & Industries share price Target for this week: 

• Current Market Price: Rs. 67

• Stop Loss: Rs. 63

• Target 1: Rs. 71

• Target 2: Rs. 75

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see VOLUME SPURT in SUTLEJTEX hence making this stock as one of the best swing trade stocks.

3. Bharat Forge (BHARATFORG)

Bharat Forge has an operating revenue of Rs. 14,633.87 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 7% is okay, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 26%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 22% above 200DMA.

Bharat Forge Share Price Target for this week: 

• Current Market Price: Rs. 1157

• Stop Loss: Rs. 1120

• Target 1: Rs. 1195

• Target 2: Rs. 1235

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUMES in this stock hence making BHARATFORG as one of the best swing trade stocks.

4. Radico Khaitan (RADICO)

Radico Khaitan (Nse) has an operating revenue of Rs. 3,502.92 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 9% is okay, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 21% from 50DMA and 200DMA.

Radico Khaitan Share Price Target for this week: 

• Current Market Price: Rs. 1572

• Stop Loss: Rs. 1529

• Target 1: Rs. 1615

• Target 2: Rs. 1660

• Holding Period: 1 week

5paisa Recommendation: Our technical experts BULLISH MOMENTUM  in this stock hence making this RADICO one of the best swing trade stocks.

5. Keystone Realtors (RUSTUMJEE)

Keystone Realtors has an operating revenue of Rs. 1,360.90 Cr. on a trailing 12-month basis. An annual revenue de-growth of -44% needs improvement, Pre-tax margin of 15% is great, ROE of 4% is fair but needs improvement. The company has a reasonable debt to equity of 6%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around -0% and 3% from 50DMA and 200DMA.

Keystone Realtors Share Price Target for this week: 

• Current Market Price: Rs. 577

• Stop Loss: Rs. 554

• Target 1: Rs. 600

• Target 2: Rs. 624

• Holding Period: 1 week

5paisa Recommendation: Our technical experts VOLUME SPURT in this stock hence making this RUSTUMJEE one of the best swing trade stocks.