Tanushree Jaiswal Tanushree Jaiswal 10th May 2024

Swing Trading Stocks

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Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

ASTRAMICRO

BUY

698

670

726

750

HINDOILEXP

BUY

190

182

198

205

PRESTIGE

BUY

1520

1460

1580

1640

BALKRISIND

BUY

2478

2403

2553

2625

SUNTV

BUY

670

643

697

720

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. Astra Microwave Products (ASTRAMICRO)

Astra Microwave is involved in the business activities of RF and Microwave. Company’s Total Operating Revenue is Rs. 807.27 Cr. and Equity Capital is Rs. 17.32 Cr. for the Year ended 31/03/2023. Astra Microwave Products Ltd. is a Public Limited Listed company incorporated on 13/09/1991 and has its registered office in the State of Andhra Pradesh, India. 

Astra Microwave Products Share Price Target for this week:

• Current Market Price: ₹698

• Stop Loss: ₹670

• Target 1: ₹726

• Target 2: ₹750

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence making Astra Microwave Products, as one of the best swing trade stocks.

2.  Hindustan Oil Exploration Company (HINDOILEXP)

Hind. Oil Explor is involved in the business activities of On shore Extraction of natural gas. Company’s Total Operating Revenue is Rs. 381.05 Cr. and Equity Capital is Rs. 132.26 Cr. for the Year ended 31/03/2023. Hindustan Oil Exploration Company Ltd. is a Public Limited Listed company incorporated on 11/06/1996 and has its registered office in the State of Gujarat, India.

Hindustan Oil Exploration Company Share Price Target for this week:

• Current Market Price: ₹190

• Stop Loss: ₹182

• Target 1: ₹198

• Target 2: ₹205

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects TOOK SUPPORT AT 100 EMA in Hindustan Oil Exploration Company hence making this stock as one of the best swing trade stocks.

3.  Prestige Estates Projects (PRESTIGE)

Prestige Estates Pro is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 4329.70 Cr. and Equity Capital is Rs. 400.90 Cr. for the Year ended 31/03/2023. Prestige Estates Projects Ltd. is a Public Limited Listed company incorporated on 04/06/1997 and has its registered office in the State of Karnataka, India.

Prestige Estates Projects Share Price Target for this week:

• Current Market Price: ₹1520

• Stop Loss: ₹1460

• Target 1: ₹1580

• Target 2: ₹1640

• Holding Period: 1 week

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

4. Balkrishna Industries (BALKRISIND)

Balkrishna Ind. is involved in the business activities of Manufacture of rubber tyres and tubes. Company’s Total Operating Revenue is Rs. 9810.52 Cr. and Equity Capital is Rs. 38.66 Cr. for the Year ended 31/03/2023. Balkrishna Industries Ltd. is a Public Limited Listed company incorporated on 20/11/1961 and has its registered office in the State of Maharashtra, India

Balkrishna Industries Share Price Target for this week:

• Current Market Price: ₹2478

• Stop Loss: ₹2403

• Target 1: ₹2553

• Target 2: ₹2625

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONSOLIDATED BREAKOUT EXPECTED in this stock hence making this Balkrishna Industries one of the best swing trade stocks.

5. Sun TV Network (SUNTV)

Sun Tv Network Ltd. is involved in the business activities of Radio broadcasting. Company’s Total Operating Revenue is Rs. 3661.37 Cr. and Equity Capital is Rs. 197.04 Cr. for the Year ended 31/03/2023. Sun TV Network Ltd. is a Public Limited Listed company incorporated on 18/12/1985 and has its registered office in the State of Tamil Nadu, India.

Sun TV Network Share Price Target for this week:

• Current Market Price: ₹670

• Stop Loss: ₹643

• Target 1: ₹697

• Target 2: ₹720

• Holding Period: 1 week

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

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Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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