Swing Trading Stocks: Week of 11 September 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. CCL Products India (CCL)

CCL Products (India) has an operating revenue of Rs. 2,216.87 Cr. on a trailing 12-month basis. An annual revenue growth of 41% is outstanding, Pre-tax margin of 15% is great, ROE of 18% is exceptional. The company has a reasonable debt to equity of 14%, 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. 

CCL Products India Share Price Target for this week:

• Current Market Price: Rs. 674

• Stop Loss: Rs. 657

• Target 1: Rs. 692

• Target 2: Rs. 708

• Holding Period: 1 week

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

2. Kotak Mahindra Bank (KOTAKBANK)

Kotak Mahindra Bank(NSE) has an operating revenue of Rs. 77,449.27 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 29% is great, ROE of 13% is good. 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. 

Kotak Mahindra Bank Share Price Target for this week: 

• Current Market Price: Rs. 1793

• Stop Loss: Rs. 1739

• Target 1: Rs. 1847

• Target 2: Rs. 1900

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see recovery expected in KOTAKBANK hence making this stock as one of the best swing trade stocks.

3. Campus Activewear (CAMPUS)

Campus Activewear has an operating revenue of Rs. 1,500.30 Cr. on a trailing 12-month basis. An annual revenue growth of 24% is outstanding, Pre-tax margin of 11% is healthy, ROE of 21% is exceptional. The company has a reasonable debt to equity of 5%, 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. 

Campus Activewear Share Price Target for this week: 

• Current Market Price: Rs. 313

• Stop Loss: Rs. 304

• Target 1: Rs. 322

• Target 2: Rs. 330

• Holding Period: 1 week

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

4. BPCL (BPCL)

Bharat Petroleum has an operating revenue of Rs. 480,368.94 Cr. on a trailing 12-month basis. An annual revenue growth of 36% is outstanding, Pre-tax margin of 0% needs improvement, ROE of 3% is fair but needs improvement. The company has a debt to equity of 77%, which is bit higher. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. 

BPCL Share Price Target forthis week: 

• Current Market Price: Rs. 362

• Stop Loss: Rs. 353

• Target 1: Rs. 372

• Target 2: Rs. 380

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in this stock hence making this BPCL one of the best swing trade stocks.

5. Au Small Finance Bank (AUBANK)

Au Small Finance Bank has an operating revenue of Rs. 10,033.98 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 20% is great, ROE of 13% is good. The stock from a technical standpoint is trading below to its 50DMA and around 6% up from its 200DMA.

Au Small Finance Bank Share Price  Target for this week: 

• Current Market Price: Rs. 735

• Stop Loss: Rs. 713

• Target 1: Rs. 758

• Target 2: Rs. 780

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see on the positive crossover in this stock hence making this AUBANK one of the best swing trade stocks.