Swing Trading Stocks: Week of 21 August 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. Escorts Kubota (ESCORTS)

Escorts Kubota has an operating revenue of Rs. 8,751.80 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 10% is healthy, ROE of 7% 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 comfortably placed above its key moving averages, around 18% and 30% from 50DMA and 200DMA. 

Escorts Kubota Share Price Target for Today:

- Current Market Price: Rs. 2851

- Stop Loss: Rs. 2765

- Target 1: Rs. 2937

- Target 2: Rs. 3025

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in this stock hence making ESCORTS, as one of the best swing trade stocks.

2. CSB Bank (CSBBANK)

CSB Bank has an operating revenue of Rs. 2,849.92 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 28% is great, ROE of 17% is exceptional. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 16% above 200DMA.

CSB Bank Share Price Target for Today: 

- Current Market Price: Rs. 315

- Stop Loss: Rs. 302

- Target 1: Rs. 328

- Target 2: Rs. 340

- Holding Period: 1 week

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

3. CG Power and Industrial Solutions (CGPOWER)

CG Power and Industrial Solutions has an operating revenue of Rs. 7,248.50 Cr. on a trailing 12-month basis. An annual revenue growth of 26% is outstanding, Pre-tax margin of 14% is healthy, ROE of 53% 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 27% above 200DMA.

CG Power and Industrial Solutions Share Price Target for Today: 

- Current Market Price: Rs. 430

- Stop Loss: Rs. 412

- Target 1: Rs. 448

- Target 2: Rs. 465

- Holding Period: 1 week

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

4. Gabriel India (GABRIEL)

Gabriel India has an operating revenue of Rs. 1,542.74 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 6% is okay, ROE of 15% 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 comfortably placed above its key moving averages, around 9% and 27% from 50DMA and 200DMA.

Gabriel India Share Price Target for Today: 

- Current Market Price: Rs. 248

- Stop Loss: Rs. 236

- Target 1: Rs. 260

- Target 2: Rs. 273

- Holding Period: 1 week

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

5. Shilpa Medicare (SHILPAMED)

Jindal Steel & Pwr.(NSE) has an operating revenue of Rs. 52,711.18 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 9% is okay, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 19%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 19% from 50DMA and 200DMA. 

Shilpa Medicare Share Price  Target for Today: 

- Current Market Price: Rs. 370

- Stop Loss: Rs. 352

- Target 1: Rs. 388

- Target 2: Rs. 407

- Holding Period: 1 week

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