Swing Trading Stocks: Week of 2 Jan 2023

Swing Trading Stocks for the Week

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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. Sharda Cropchem (SHARDACROP)

Sharda Cropchem has an operating revenue of Rs. 3,860.34 Cr. on a trailing 12-month basis. An annual revenue growth of 48% is outstanding, Pre-tax margin of 13% is healthy, ROE of 18% 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 200DMA and around 16% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Sharda Cropchem Share Price Target for Today:

- Current Market Price: Rs. 515

- Stop Loss: Rs. 490

- Target 1: Rs. 540

- Target 2: Rs. 567

- Holding Period: 1 week

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

2. Federal Bank(FEDERALBNK)

Federal Bank has an operating revenue of Rs. 17,500.60 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 trading close to its 50DMA and comfortably placed above its 200DMA, around 24% above 200DMA. 

Federal Bank Share Price Target for Today:

- Current Market Price: Rs. 140

- Stop Loss: Rs. 131

- Target 1: Rs. 149

- Target 2: Rs. 157

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish momentum in FEDERALBNK and thus making this stock as one of the best swing trade stocks.

3. Rallis India (RALLIS)

Rallis India has an operating revenue of Rs. 2,949.58 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 9% is okay, ROE of 9% 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 below to its 50DMA and close to its 200DMA.

Rallis India Share Price Target for Today: 

- Current Market Price: Rs. 242

- Stop Loss: Rs. 230

- Target 1: Rs. 254

- Target 2: Rs. 266

- Holding Period: 1 week

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

4. Oberoi Realty (OBEROIRLTY)

Oberoi Realty has an operating revenue of Rs. 3,257.17 Cr. on a trailing 12-month basis. An annual revenue growth of 32% is outstanding, Pre-tax margin of 41% is great, ROE of 10% 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.

Oberoi Realty Share Price Target for Today:

- Current Market Price: Rs. 867

- Stop Loss: Rs. 824

- Target 1: Rs. 910

- Target 2: Rs. 954

- Holding Period: 1 week

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

5. Balkrishna Industries (BALKRISIND)

Balkrishna Industries has an operating revenue of Rs. 9,696.97 Cr. on a trailing 12-month basis. An annual revenue growth of 47% is outstanding, Pre-tax margin of 24% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 7%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 4% and 0% from 50DMA and 200DMA.

Balkrishna Industries Share Price Target for Today: 

- Current Market Price: Rs. 2132

- Stop Loss: Rs. 2034

- Target 1: Rs. 2230

- Target 2: Rs. 2325

- Holding Period: 1 week

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