Swing Trading Stocks: Week of 17 Oct 2022

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. Grasim Industries (GRASIM)

Grasim Industries has an operating revenue of Rs. 103,819.39 Cr. on a trailing 12-month basis. An annual revenue growth of 25% is outstanding, Pre-tax margin of 13% is healthy, ROE of 9% is fair but needs improvement. The company has a debt to equity of 61%, which is bit higher. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 5% above 200DMA.

Grasim Industries Share Price Target for Today:

- Current Market Price: Rs.1700

- Stop Loss: Rs.1632

- Target 1: Rs.1770

- Target 2: Rs.1835

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on verge of breakout in this stock hence making GRASIM, as one of the best swing trade stocks.

2. Laurus Labs  (LAURUSLABS)

Laurus Labs has an operating revenue of Rs. 5,196.01 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 22% is great, ROE of 24% is exceptional. The company has a reasonable debt to equity of 18%, 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.
 

Laurus Labs Share Price Target for Today:

- Current Market Price: Rs.520

- Stop Loss: Rs.499

- Target 1: Rs.541

- Target 2: Rs.562

- Holding Period: 1 week

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

3. Housing Development Finance Corporation (HDFC)

Housing Development Finance Corporation has an operating revenue of Rs. 128,118.56 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 14% is healthy, ROE of 12% 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. 

HDFC Share Price Target for Today: 

- Current Market Price: Rs.2343

- Stop Loss: Rs.2261

- Target 1: Rs.2425

- Target 2: Rs.2507

- Holding Period: 1 week

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

4. Federal Bank (FEDERALBNK)

Federal Bank has an operating revenue of Rs. 16,627.48 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, 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 7% and 24% from 50DMA and 200DMA. 
 

Federal Bank Share Price Target for Today:

- Current Market Price: Rs.130.5

- Stop Loss: Rs.124

- Target 1: Rs.137

- Target 2: Rs.145

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on verge of Bullish Momentum in this stock hence making FEDERALBNK as one of the best swing trade stocks.

5. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)

Gujarat Narmada Valley Fertilizers & Chemicals has an operating revenue of Rs. 9,944.16 Cr. on a trailing 12-month basis. An annual revenue growth of 65% is outstanding, Pre-tax margin of 27% is great, ROE of 21% 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 50DMA and close to its 200DMA. 

GNFC Share Price Target for Today: 

- Current Market Price: Rs.698

- Stop Loss: Rs.663

- Target 1: Rs.733

- Target 2: Rs.770

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see rising volume  in this stock hence making this GNFC one of the best swing trade stocks.