Swing Trading Stocks: Week of 26 June 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. Harsha Engineers International (HARSHA)

Harsha Engineers International has an operating revenue of Rs. 1,364.02 Cr. on a trailing 12-month basis. An annual revenue growth of 4% is not great, Pre-tax margin of 12% is healthy, ROE of 11% is good. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA.

Harsha Engineers International Share Price Target for Today:

- Current Market Price: Rs. 470

- Stop Loss: Rs. 450

- Target 1: Rs. 490

- Target 2: Rs. 510

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Volume Spurt in this stock hence making HARSHA, as one of the best swing trade stocks.

2. Genus Power Infrastructures (GENUSPOWER)

Genus Power Infr. has an operating revenue of Rs. 808.39 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 6% is okay, ROE of 2% 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 15% and 21% from 50DMA and 200DMA. 

Genus Power Infrastructures Share Price Target for Today:

- Current Market Price: Rs. 109

- Stop Loss: Rs. 105

- Target 1: Rs. 113

- Target 2: Rs. 118

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects On Verge Of Breakout in GENUSPOWER and thus making this stock as one of the best swing trade stocks.

3. Glenmark Pharmaceuticals (GLENMARK)

Glenmark Pharms. (Nse) has an operating revenue of Rs. 12,990.11 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 7% is okay, ROE of 3% is fair but needs improvement. The company has a reasonable debt to equity of 41%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 36% from 50DMA and 200DMA.

Glenmark Pharmaceuticals Share Price Target for Today: 

- Current Market Price: Rs. 633

- Stop Loss: Rs. 614

- Target 1: Rs. 652

- Target 2: Rs. 675

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Bullish Momentum in GLENMARK hence making this stock as one of the best swing trade stocks.

4. United Spirits (MCDOWELL - N)

United Spirits has an operating revenue of Rs. 10,611.60 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 12% 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 comfortably placed above its key moving averages, around 8% and 7% from 50DMA and 200DMA.

United Spirits Share Price Target for Today:

- Current Market Price: Rs. 907

- Stop Loss: Rs. 870

- Target 1: Rs. 945

- Target 2: Rs. 980

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Rising Volume in this stock hence making MCDOWELL - N as one of the best swing trade stocks.

5. Swan Energy (SWANENERGY)

Swan Energy has an operating revenue of Rs. 1,438.14 Cr. on a trailing 12-month basis. An annual revenue growth of 193% is outstanding, Pre-tax margin of -4% needs improvement, ROE of -2% is poor and needs improvement. The company has a high debt to equity of 172%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 6% from 50DMA and 200DMA.

Swan Energy Share Price Target for Today: 

- Current Market Price: Rs. 272

- Stop Loss: Rs. 260

- Target 1: Rs. 284

- Target 2: Rs. 295

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Volume Breakout in this stock hence making this SWANENERGY one of the best swing trade stocks.