Swing Trading Stocks: Week of 20 November 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. Bharat Electronics (BEL)

Bharat Electronics has an operating revenue of Rs. 18,174.24 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 22% 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 close to its 50DMA and comfortably placed above its 200DMA, around 21% above 200DMA.

Bharat Electronics Share Price Target for this week:

• Current Market Price: Rs. 146

• Stop Loss: Rs. 141

• Target 1: Rs. 151

• Target 2: Rs. 155

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects ON VERGE OF BREAKOUT in this stock hence making BEL, as one of the best swing trade stocks.

2. Marico (MARICO)

Marico has an operating revenue of Rs. 9,663.00 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 18% is great, ROE of 34% 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 key moving averages.

Marico Share Price Target for this week: 

• Current Market Price: Rs. 530

• Stop Loss: Rs. 522

• Target 1: Rs. 538

• Target 2: Rs. 545

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see REVERSED FROM THE SUPPORT in MARICO hence making this stock as one of the best swing trade stocks.

3. Pidilite Industries (PIDILITE)

Pidilite Industries(Nse) has an operating revenue of Rs. 12,037.99 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 15% is great, ROE of 17% 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 close to its key moving averages, around 0% and -0% from 50DMA and 200DMA.

Pidilite Industries Share Price Target for this week: 

• Current Market Price: Rs. 2510

• Stop Loss: Rs. 2450

• Target 1: Rs. 2570

• Target 2: Rs. 2620

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUMES in this stock hence making PIDILITE as one of the best swing trade stocks.

4. Rail Vikas Nigam (RVNL)

Rail Vikas Nigam has an operating revenue of Rs. 21,217.81 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 8% is okay, ROE of 19% is exceptional. The company has a debt to equity of 82%, which is bit higher. The stock from a technical standpoint is trading below to its 50DMA and around 34% up from its 200DMA. 

Rail Vikas Nigam Share Price Target for this week: 

• Current Market Price: Rs. 167

• Stop Loss: Rs. 160

• Target 1: Rs. 175

• Target 2: Rs. 178

• Holding Period: 1 week

5paisa Recommendation: Our technical experts RESUMES UPTREND in this stock hence making this RVNL one of the best swing trade stocks.

5. Praj Industries (PRAJIND)

Praj Industries (Nse) has an operating revenue of Rs. 3,533.05 Cr. on a trailing 12-month basis. An annual revenue growth of 50% is outstanding, Pre-tax margin of 9% is okay, ROE of 22% 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 close to its 50DMA and comfortably placed above its 200DMA, around 31% above 200DMA.

Praj Industries Share Price Target for this week: 

• Current Market Price: Rs. 586

• Stop Loss: Rs. 568

• Target 1: Rs. 604

• Target 2: Rs. 620

• Holding Period: 1 week

5paisa Recommendation: Our technical experts BULLISH TREND in this stock hence making this PRAJIND one of the best swing trade stocks.