Swing Trading Stocks for the week : February 07 , 2022

5paisa research provides investors with the best short-term and long-term investing ideas. Every morning we offer 5 best stocks to buy, in the afternoon we provide five best buy today and sell tomorrow (BTST) ideas, while at the beginning of every week we provide a list of five best swing trade stocks. We regularly update our success rate and issue special commentary during special market events.

Swing Trading: What is Swing Trading?

Swing Trading is a kind of fundamental trading strategy where positions are held for more than a single day. Since corporate fundamentals generally require several days or even a week to cause sufficient price movement to render a reasonable profit, most swing traders are also considered fundamentalists as well.

Some others also explain swing trading as a trading strategy in the middle of day trading and trend trading. While day traders hold stocks not more than a day the trend trader holds stocks as for a week or even a month or months based on fundamental trends. Swing traders trade in a particular stock based on intra-week or intra-month oscillations between pessimism and optimism.

Best Swing Trading Stocks for the week February 07

1. CHOLAMANDALAM INVESTMENT (CHOLAFIN)

Cholamandalam Invest is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs.9516.01 Cr. and Equity Capital is Rs.164.07 Cr. for the Year ended 31/03/2021. Cholamandalam Investment & Finance Company Ltd. is a Public Limited Listed company incorporated on 17/08/1978 and has its registered office in the State of Tamil Nadu, India. 

CHOLAFIN Share Price Details:

- Current Market Price: Rs.676

- Stop Loss: Rs.661

- Target 1: Rs.691

- Target 2: Rs.709

- Holding Period: 10 Days

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

2. TUBE INVESTMENTS (TIINDIA)

Tube Investments is involved in the business activities of Casting of iron and steel. Company’s Total Operating Revenue is Rs.4255.75 Cr. and Equity Capital is Rs.19.28 Cr. for the Year ended 31/03/2021. Tube Investments of India Ltd. is a Public Limited Listed company incorporated on 06/10/2008 and has its registered office in the State of Tamil Nadu, India.

TIINDIA Share Price Details: 

- Current Market Price: Rs.1,797

- Stop Loss: Rs.1,755

- Target 1: Rs.1,845

- Target 2: Rs.1,920

- Holding Period: 10 Days

5paisa Recommendation:  Our technical experts see positive chart in this stock hence making this stock as one of the best swing trade stocks.

3. DEEPAK FERTILIZERS (DEEPAKFERT)

Deepak Fertilisers is involved in the business activities of Wholesale of industrial chemicals,. Company’s Total Operating Revenue is Rs.1811.31 Cr. and Equity Capital is Rs.102.68 Cr. for the Year ended 31/03/2021. Deepak Fertilisers & Petrochemicals Corporation Ltd. is a Public Limited Listed company incorporated on 31/05/1979 and has its registered office in the State of Maharashtra, India.

DEEPAKFERT Share Price Details: 

- Current Market Price: Rs.653

- Stop Loss: Rs.636

- Target 1: Rs.670

- Target 2: Rs.684

- Holding Period: 10 Days

5paisa Recommendation: Sideways move to end in this stock hence it is recommended to add this stock in your list of best swing trade stocks.

4. CARBORUNDUM UNIVERSAL (CARBORUNIV)

Carborundum Uni. belongs to the Industry of Abrasives And Grinding Wheels. Company’s Total Operating Revenue is Rs.1672.28 Cr. and Equity Capital is Rs.18.96 Cr. for the Year ended 31/03/2021. Carborundum Universal Ltd. is a Public Limited Listed company incorporated on 21/04/1954 and has its registered office in the State of Tamil Nadu, India.

CARBORUNIV Share Price Details: 

- Current Market Price: Rs.903

- Stop Loss: Rs.880

- Target 1: Rs.928

- Target 2: Rs.960

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see positive chart in this stock hence making this stock as one of the best swing trade stocks.

5. JAMNA AUTO (JAMNAAUTO)

Jamna Auto Inds. is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs.1052.71 Cr. and Equity Capital is Rs.39.83 Cr. for the Year ended 31/03/2021. Jamna Auto Industries Ltd. is a Public Limited Listed company incorporated on 30/09/1965 and has its registered office in the State of Haryana, India. 

JAMNAAUTO Share Price Details: 

- Current Market Price: Rs.108

- Stop Loss: Rs.105

- Target 1: Rs.112

- Target 1: Rs.117

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock as one of the best swing trade stocks.