Swing Trading Stocks: Week of 10 Apr 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. Godrej Properties (GODREJPROP)

Godrej Properties has an operating revenue of Rs. 1,936.63 Cr. on a trailing 12-month basis. An annual revenue growth of 94% is outstanding, Pre-tax margin of 39% is great, ROE of 4% is fair but needs improvement. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. 

Godrej Properties Share Price Target for Today:

- Current Market Price: Rs. 1125

- Stop Loss: Rs. 1080

- Target 1: Rs. 1170

- Target 2: Rs. 1215

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see volume spurt in this stock hence making GODREJPROP, as one of the best swing trade stocks.

2. Aarti Drugs (AARTIDRUGS)

Aarti Drugs has an operating revenue of Rs. 2,667.91 Cr. on a trailing 12-month basis. An annual revenue growth of 16% is outstanding, Pre-tax margin of 11% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. 

Aarti Drugs Share Price Target for Today:

- Current Market Price: Rs. 388

- Stop Loss: Rs. 368

- Target 1: Rs. 408

- Target 2: Rs. 427

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in AARTIDRUGS and thus making this stock as one of the best swing trade stocks.

3. MSTC (MSTCLTD)

MSTC has an operating revenue of Rs. 720.26 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 27% is great, ROE of 30% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

MSTC Share Price Target for Today: 

- Current Market Price: Rs. 270

- Stop Loss: Rs. 262

- Target 1: Rs. 278

- Target 2: Rs. 290

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects positive crossover in MSTCLTD hence making this stock as one of the best swing trade stocks.

4. Indraprastha Gas(IGL)

Indraprastha Gas has an operating revenue of Rs. 13,232.60 Cr. on a trailing 12-month basis. An annual revenue growth of 56% is outstanding, Pre-tax margin of 22% is great, ROE of 19% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 8% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. 

Indraprastha Gas Share Price Target for Today:

- Current Market Price: Rs. 462

- Stop Loss: Rs. 442

- Target 1: Rs. 483

- Target 2: Rs. 499

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish breakout in this stock hence making IGL as one of the best swing trade stocks.

5. Likhitha Infrastructure (LIKHITHA)

Likhitha Infrastructure has an operating revenue of Rs. 325.79 Cr. on a trailing 12-month basis. An annual revenue growth of 35% is outstanding, Pre-tax margin of 24% is great, ROE of 23% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 25% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. 

Likhitha Infrastructure Share Price Target for Today: 

- Current Market Price: Rs. 252

- Stop Loss: Rs. 242

- Target 1: Rs. 262

- Target 2: Rs. 273

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on verge of breakout in this stock hence making this LIKHITHA one of the best swing trade stocks.