Swing Trading Stocks for the week : January 10, 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 January 10

1. ONGC (ONGC)

Ongc is involved in the business activities of Support activities for petroleum and natural gas mining. Company’s Total Operating Revenue is Rs.68087.18 Cr. and Equity Capital is Rs.6290.14 Cr. for the Year ended 31/03/2021. Oil And Natural Gas Corporation Ltd. is a Public Limited Listed company incorporated on 23/06/1993 and has its registered office in the State of Delhi, India.

ONGC Share Price Details:

- Current Market Price: Rs.157

- Stop Loss: Rs.152

- Target 1: Rs.162

- Target 2: Rs.169

- 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. National Aluminium (NATIONALUM)

National Aluminium is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs.8955.79 Cr. and Equity Capital is Rs.918.32 Cr. for the Year ended 31/03/2021. National Aluminium Company Ltd. is a Public Limited Listed company incorporated on 07/01/1981 and has its registered office in the State of Orissa, India.

NATIONALUM Share Price Details: 

- Current Market Price: Rs.111

- Stop Loss: Rs.108

- Target 1: Rs.114

- Target 2: Rs.118

- 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. Minda Industries (MINDAIND)

Minda Industries is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs.3700.65 Cr. and Equity Capital is Rs.54.39 Cr. for the Year ended 31/03/2021. Minda Industries Ltd. is a Public Limited Listed company incorporated on 16/09/1992 and has its registered office in the State of Delhi, India.

MINDAIND Share Price Details: 

- Current Market Price: Rs.1,227

- Stop Loss: Rs.1,192

- Target 1: Rs.1,268

- Target 2: Rs.1,315

- 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. Man Infraconstruction (MANINFRA)

Man Infraconstruction is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs.119.61 Cr. and Equity Capital is Rs.49.50 Cr. for the Year ended 31/03/2021. Man Infraconstruction Ltd. is a Public Limited Listed company incorporated on 16/08/2002 and has its registered office in the State of Maharashtra, India.

MANINFRA Share Price Details: 

- Current Market Price: Rs.117

- Stop Loss: Rs.114

- Target 1: Rs.121

- Target 2: Rs.126

- 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. ICICI Prudential (ICICIPRULI)

ICICI Pru Life is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs.2753.54 Cr. and Equity Capital is Rs.1435.97 Cr. for the Year ended 31/03/2021. ICICI Prudential Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 20/07/2000 and has its registered office in the State of Maharashtra, India. 

ICICIPRULI Share Price Details: 

- Current Market Price: Rs.531

- Stop Loss: Rs.517

- Target 1: Rs.546

- Target 1: Rs.564

- 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.