Swing Trading Stocks: Week of 12 June 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. Titagarh Wagons (TWL)

Titagarh Wagons has an operating revenue of Rs. 2,876.33 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 22% and 76% from 50DMA and 200DMA.

Titagarh Wagons Share Price Target for Today:

- Current Market Price: Rs. 422

- Stop Loss: Rs. 400

- Target 1: Rs. 445

- Target 2: Rs. 465

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Rising Volume in this stock hence making TWL, as one of the best swing trade stocks.

2. Raymond (RAYMOND)

Raymond (Nse) has an operating revenue of Rs. 8,214.72 Cr. on a trailing 12-month basis. An annual revenue growth of 31% is outstanding, Pre-tax margin of 9% is okay, ROE of 18% is exceptional. The company has a reasonable debt to equity of 34%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 18% from 50DMA and 200DMA. 

Raymond Share Price Target for Today:

- Current Market Price: Rs. 1640

- Stop Loss: Rs. 1590

- Target 1: Rs. 1690

- Target 2: Rs. 1740

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects On Verge Of Breakout in RAYMOND and thus making this stock as one of the best swing trade stocks.

3. Avenue Supermarts (DMART)

Avenue Supermarts has an operating revenue of Rs. 42,839.56 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 7% is okay, ROE of 14% is good. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Avenue Supermarts Share Price Target for Today: 

- Current Market Price: Rs. 3632

- Stop Loss: Rs. 3557

- Target 1: Rs. 3708

- Target 2: Rs. 3775

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Recovery Expected in DMART hence making this stock as one of the best swing trade stocks.

4. Sonata Software (SONATSOFTW)

Sonata Software has an operating revenue of Rs. 7,449.12 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 8% is okay, ROE of 34% is exceptional. The company has a reasonable debt to equity of 23%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 49% from 50DMA and 200DMA.

Sonata Software Share Price Target for Today:

- Current Market Price: Rs. 1032

- Stop Loss: Rs. 990

- Target 1: Rs. 1075

- Target 2: Rs. 1115

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Rising Volume in this stock hence making SONATSOFTW as one of the best swing trade stocks.

5. Manappuram Finance (MANAPPURAM)

Manappuram Finance has an operating revenue of Rs. 6,684.04 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 31% is great, ROE of 15% is good. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. 

Manappuram Finance Share Price Target for Today: 

- Current Market Price: Rs. 117

- Stop Loss: Rs. 112

- Target 1: Rs. 122

- Target 2: Rs. 127

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Volume Spurt in this stock hence making this MANAPPURAM one of the best swing trade stocks.