Swing Trading Stocks: Week of 22 January 2024

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. DB Corp (DBCORP)

Db Corp is involved in the business activities of Programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 2127.71 Cr. and Equity Capital is Rs. 177.98 Cr. for the Year ended 31/03/2023. DB Corp Ltd. is a Public Limited Listed company incorporated on 27/10/1995 and has its registered office in the State of Gujarat, India.

DB Corp Share Price Target for this week:

• Current Market Price: Rs. 332

• Stop Loss: Rs. 320

• Target 1: Rs. 345

• Target 2: Rs. 355

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making DBCORP, as one of the best swing trade stocks.

2. Titagarh Rail Systems (TITAGARH)

Titagarh Rail System is involved in the business activities of Manufacture of railway locomotives and rolling stock. Company’s Total Operating Revenue is Rs. 2780.53 Cr. and Equity Capital is Rs. 23.91 Cr. for the Year ended 31/03/2023. Titagarh Rail Systems Ltd. is a Public Limited Listed company incorporated on 03/07/1997 and has its registered office in the State of West Bengal, India.

Titagarh Rail Systems share price Target for this week: 

• Current Market Price: Rs. 1179

• Stop Loss: Rs. 1143

• Target 1: Rs. 1215

• Target 2: Rs. 1250

• Holding Period: 1 week

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

3. Usha Martin (USHAMART)

Usha Martin Ltd. belongs to the Industry of Steel - Alloys/Special. Company’s Total Operating Revenue is Rs. 2041.71 Cr. and Equity Capital is Rs. 30.54 Cr. for the Year ended 31/03/2023. Usha Martin Ltd. is a Public Limited Listed company incorporated on 22/05/1986 and has its registered office in the State of West Bengal, India.

Usha Martin Share Price Target for this week: 

• Current Market Price: Rs. 350

• Stop Loss: Rs. 336

• Target 1: Rs. 364

• Target 2: Rs. 378

• Holding Period: 1 week

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

4. The New India Assurance Company (NIACL)

The New India Assur is involved in the business activities of Non-life insurance. Company’s Total Operating Revenue is Rs. 40801.49 Cr. and Equity Capital is Rs. 824.00 Cr. for the Year ended 31/03/2023. The New India Assurance Company Ltd. is a Public Limited Listed company incorporated on 23/07/1919 and has its registered office in the State of Maharashtra, India.

The New India Assurance Company Share Price Target for this week: 

• Current Market Price: Rs. 240

• Stop Loss: Rs. 230

• Target 1: Rs. 250

• Target 2: Rs. 260

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects MOVED ABOVE THE CONSOLIDATION in this stock hence making this NIACL one of the best swing trade stocks.

5. Gujarat State Fertilizer & Chemicals (GSFC)

Gsfc is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 11298.03 Cr. and Equity Capital is Rs. 79.70 Cr. for the Year ended 31/03/2023. Gujarat State Fertilizer & Chemicals Ltd. is a Public Limited Listed company incorporated on 15/02/1962 and has its registered office in the State of Gujarat, India.

Gujarat State Fertilizer & Chemicals Share Price Target for this week: 

• Current Market Price: Rs. 318

• Stop Loss: Rs. 308

• Target 1: Rs. 330

• Target 2: Rs. 340

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making this GSFC one of the best swing trade stocks.