Swing Trading Stocks: Week of 29 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. Adani Power (ADANI POWER)

Adani Power Ltd. is involved in the business activities of Electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs. 36681.21 Cr. and Equity Capital is Rs. 3856.94 Cr. for the Year ended 31/03/2023. Adani Power Ltd. is a Public Limited Listed company incorporated on 22/08/1996 and has its registered office in the State of Gujarat, India.

Adani Power Share Price Target for this week:

• Current Market Price: Rs. 543

• Stop Loss: Rs. 512

• Target 1: Rs. 573

• Target 2: Rs. 600

• Holding Period: 1 week

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

2. Rain Industries (RAIN IND)

Rain Industries is involved in the business activities of Manufacture of coke oven products. Company’s Total Operating Revenue is Rs. 54.07 Cr. and Equity Capital is Rs. 67.27 Cr. for the Year ended 31/12/2022. Rain Industries Ltd. is a Public Limited Listed company incorporated on 15/03/1974 and has its registered office in the State of Telangana, India. 

Rain Industries share price Target for this week: 

• Current Market Price: Rs. 175

• Stop Loss: Rs. 167

• Target 1: Rs. 183

• Target 2: Rs. 190

• Holding Period: 1 week

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

3. PNC Infratech (PNC INFRA)

Pnc Infratech is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company’s Total Operating Revenue is Rs. 7060.84 Cr. and Equity Capital is Rs. 51.31 Cr. for the Year ended 31/03/2023. PNC Infratech Ltd. is a Public Limited Listed company incorporated on 09/08/1999 and has its registered office in the State of Delhi, India.

PNC Infratech Share Price Target for this week: 

• Current Market Price: Rs. 415

• Stop Loss: Rs. 396

• Target 1: Rs. 434

• Target 2: Rs. 450

• Holding Period: 1 week

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

4. L&T Finance Holdings (L&TFH)

L&T Finance Holdings is involved in the business activities of Activities of holding companies. Company’s Total Operating Revenue is Rs. 347.37 Cr. and Equity Capital is Rs. 2479.67 Cr. for the Year ended 31/03/2023. L&T Finance Holdings Ltd. is a Public Limited Listed company incorporated on 01/05/2008 and has its registered office in the State of Maharashtra, India. 

L&T Finance Holdings Share Price Target for this week: 

• Current Market Price: Rs. 167

• Stop Loss: Rs. 157

• Target 1: Rs. 176

• Target 2: Rs. 185

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONTINUATION OF UPTREND in this stock hence making this L&TFH one of the best swing trade stocks.

5. Hindustan Copper (HINDCOPPER)

Hind. Copper is involved in the business activities of Casting of non-ferrous metals. Company’s Total Operating Revenue is Rs. 1677.33 Cr. and Equity Capital is Rs. 483.51 Cr. for the Year ended 31/03/2023. Hindustan Copper Ltd. is a Public Limited Listed company incorporated on 09/11/1967 and has its registered office in the State of West Bengal, India.

Hindustan Copper Share Price Target for this week: 

• Current Market Price: Rs. 282

• Stop Loss: Rs. 265

• Target 1: Rs. 296

• Target 2: Rs. 310

• Holding Period: 1 week

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