Swing Trading Stocks: Week of 11 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. Lic Housing Finance (LICHSGFIN)

Lic Housing Finance(Nse) has an operating revenue of Rs. 25,845.84 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 16% is great, ROE of 10% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 28% from 50DMA and 200DMA

Lic Housing Finance Share Price Target for this week:

• Current Market Price: Rs. 532

• Stop Loss: Rs. 516

• Target 1: Rs. 548

• Target 2: Rs. 563

• Holding Period: 1 week

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

2. Titagarh Rail Systems (TITAGARH)

Titagarh Rail Systems Ltd has an operating revenue of Rs. 3,586.83 Cr. on a trailing 12-month basis. An annual revenue growth of 44% is outstanding, Pre-tax margin of 7% is okay, ROE of 13% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 77% from 50DMA and 200DMA. 

Titagarh Rail Systems share price Target for this week: 

• Current Market Price: Rs. 1003

• Stop Loss: Rs. 972

• Target 1: Rs. 1035

• Target 2: Rs. 1065

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VERGE OF BREAKOUT in TITAGARH hence making this stock as one of the best swing trade stocks.

3. JSW Steel (JSWSTEEL)

Jsw Steel has an operating revenue of Rs. 172,893.00 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 3% needs improvement, ROE of 6% is fair but needs improvement. The company has a debt to equity of 94%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 8% from 50DMA and 200DMA.

JSW Steel Share Price Target for this week: 

• Current Market Price: Rs. 840

• Stop Loss: Rs. 815

• Target 1: Rs. 865

• Target 2: Rs. 890

• Holding Period: 1 week

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

4. HCL Technologies (HCLTECH)

Hcl Technologies (Nse) has an operating revenue of Rs. 106,274.00 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 19% is great, ROE of 22% is exceptional. The company has a reasonable debt to equity of 3%, 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 13% above 200DMA.

HCL Technologies Share Price Target for this week: 

• Current Market Price: Rs. 1364

• Stop Loss: Rs. 1332

• Target 1: Rs. 1395

• Target 2: Rs. 1426

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making this HCLTECH one of the best swing trade stocks.

5. Dollar Industries (DOLLAR)

Dollar Industries has an operating revenue of Rs. 1,432.48 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 5% is okay, ROE of 7% is fair but needs improvement. 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 10% above 200DMA.

Dollar Industries Share Price Target for this week: 

• Current Market Price: Rs. 435

• Stop Loss: Rs. 417

• Target 1: Rs. 453

• Target 2: Rs. 470

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects PULLBACK in this stock hence making this DOLLAR one of the best swing trade stocks.