Swing Trading Stocks: Week of 18 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. HCL Technologies (HCLTECH)

HCL Technologies (NSE) has an operating revenue of Rs. 104,288.00 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 comfortably placed above its key moving averages, around 9% and 15% from 50DMA and 200DMA.  

HCL Technologies Share Price Target for this week:

• Current Market Price: Rs. 1304

• Stop Loss: Rs. 1274

• Target 1: Rs. 1335

• Target 2: Rs. 1365

• Holding Period: 1 week

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

2. HDFC Asset Management Company (HDFCAMC)

HDFC Asset Mgmt has an operating revenue of Rs. 2,219.77 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 86% is great, ROE of 23% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 28% from 50DMA and 200DMA.

HDFC Asset Management Company Share Price Target for this week: 

• Current Market Price: Rs. 2726

• Stop Loss: Rs. 2663

• Target 1: Rs. 2789

• Target 2: Rs. 2850

• Holding Period: 1 week

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

3. Mishra Dhatu Nigam (MIDHANI)

Mishra Dhatu Nigam has an operating revenue of Rs. 944.73 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 25% is great, ROE of 12% 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 12% and 61% from 50DMA and 200DMA.

Mishra Dhatu Nigam Share Price Target for this week: 

• Current Market Price: Rs. 420

• Stop Loss: Rs. 403

• Target 1: Rs. 437

• Target 2: Rs. 455

• Holding Period: 1 week

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

4. Hero MotoCorp (HEROMOTOCO)

Hero Motocorp has an operating revenue of Rs. 34,561.85 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 11% is healthy, ROE of 16% is good. 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 around 9% up from its 200DMA. 

Hero MotoCorp Share Price Target forthis week: 

• Current Market Price: Rs. 3065

• Stop Loss: Rs. 3000

• Target 1: Rs. 3130

• Target 2: Rs. 3190

• Holding Period: 1 week

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

5. Airtel (BHARTIARTL)

Bharti Airtel has an operating revenue of Rs. 143,780.20 Cr. on a trailing 12-month basis. ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 11% above 200DMA.

Airtel Bank Share Price  Target for this week: 

• Current Market Price: Rs. 936

• Stop Loss: Rs. 905

• Target 1: Rs. 967

• Target 2: Rs. 998

• Holding Period: 1 week

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