Swing Trading Stocks for the week : January 17, 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 17

1. Triveni Turbine (TRITURBINE)

Triveni Turbine is involved in the business activities of Manufacture of general purpose machinery. Company’s Total Operating Revenue is Rs.696.93 Cr. and Equity Capital is Rs.32.33 Cr. for the Year ended 31/03/2021. Triveni Turbine Ltd. is a Public Limited Listed company incorporated on 27/06/1995 and has its registered office in the State of Uttar Pradesh, India.

TRITURBINE Share Price Details:

- Current Market Price: Rs.202

- Stop Loss: Rs.196

- Target 1: Rs.209

- Target 2: Rs.217

- 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. Asahi India (ASAHIINDIA)

Asahi India Glass is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company’s Total Operating Revenue is Rs.2380.49 Cr. and Equity Capital is Rs.24.31 Cr. for the Year ended 31/03/2021. Asahi India Glass Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Delhi, India.

ASAHIINDIA Share Price Details: 

- Current Market Price: Rs.576

- Stop Loss: Rs.562

- Target 1: Rs.591

- Target 2: Rs.610

- 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. HFCL LTD (HFCL)

HFCL is involved in the business activities of Construction/erection and maintenance of power, telecommunication and transmission lines. Company’s Total Operating Revenue is Rs.4105.87 Cr. and Equity Capital is Rs.128.44 Cr. for the Year ended 31/03/2021. HFCL Ltd. is a Public Limited Listed company incorporated on 11/05/1987 and has its registered office in the State of Himachal Pradesh, India.

HFCL Share Price Details: 

- Current Market Price: Rs.92

- Stop Loss: Rs.89

- Target 1: Rs.96

- Target 2: Rs.107

- 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. Birla Corporation (BIRLACORPN)

Birla Corporation Lt is involved in the business activities of Finishing of jute, mesta and other vegetable textiles fabrics. Company’s Total Operating Revenue is Rs.4442.15 Cr. and Equity Capital is Rs.77.01 Cr. for the Year ended 31/03/2021. Birla Corporation Ltd. is a Public Limited Listed company incorporated on 25/08/1919 and has its registered office in the State of West Bengal, India.

BIRLACORPN 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. Godrej Agrovet (GODREJAGRO)

Godrej Agrovet L belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs.4413.04 Cr. and Equity Capital is Rs.192.07 Cr. for the Year ended 31/03/2021. Godrej Agrovet Ltd. is a Public Limited Listed company incorporated on 25/11/1991 and has its registered office in the State of Maharashtra, India.

GODREJAGRO Share Price Details: 

- Current Market Price: Rs.550

- Stop Loss: Rs.536

- Target 1: Rs.565

- Target 1: Rs.583

- 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.