Swing Trading Stocks for the week : January 24, 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 24

1. Adani Transmission (ADANITRANS)

Adani Transmission is involved in the business activities of Wholesale of other basic/manufactured food stuffs. Company’s Total Operating Revenue is Rs.755.23 Cr. and Equity Capital is Rs.1099.81 Cr. for the Year ended 31/03/2021. Adani Transmission Ltd. is a Public Limited Listed company incorporated on 09/12/2013 and has its registered office in the State of Gujarat, India. 

ADANITRANS Share Price Details:

- Current Market Price: Rs.2,067

- Stop Loss: Rs.2,020

- Target 1: Rs.2,120

- Target 2: Rs.2,176

- 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. Creditaccess Grameen (CREDITACC)

Creditaccess Grameen belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs.2027.53 Cr. and Equity Capital is Rs.155.58 Cr. for the Year ended 31/03/2021. CreditAccess Grameen Ltd. is a Public Limited Listed company incorporated on 12/06/1991 and has its registered office in the State of Karnataka, India.

CREDITACC Share Price Details: 

- Current Market Price: Rs.617

- Stop Loss: Rs.600

- Target 1: Rs.635

- Target 2: Rs.648

- 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. Ajanta Pharma (AJANTPHARM)

Ajanta Pharma Lt is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company’s Total Operating Revenue is Rs.2718.59 Cr. and Equity Capital is Rs.17.39 Cr. for the Year ended 31/03/2021. Ajanta Pharma Ltd. is a Public Limited Listed company incorporated on 31/12/1979 and has its registered office in the State of Maharashtra, India.

AJANTPHARM Share Price Details: 

- Current Market Price: Rs.2,214

- Stop Loss: Rs.2,160

- Target 1: Rs.2,270

- Target 2: Rs.2,335

- 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. Solar Industries (SOLARINDS)

Solar Industries is involved in the business activities of Manufacture of explosives, ammunition and fire works. Company’s Total Operating Revenue is Rs.1584.40 Cr. and Equity Capital is Rs.18.10 Cr. for the Year ended 31/03/2021. Solar Industries India Ltd. is a Public Limited Listed company incorporated on 24/02/1995 and has its registered office in the State of Maharashtra, India.

SOLARINDS Share Price Details: 

- Current Market Price: Rs.2,303

- Stop Loss: Rs.2,240

- Target 1: Rs.2,370

- Target 2: Rs.2,420

- 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. Trent Limited (TRENT)

Trent Ltd. is involved in the business activities of Retail sale of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc.. Company’s Total Operating Revenue is Rs.2047.53 Cr. and Equity Capital is Rs.35.55 Cr. for the Year ended 31/03/2021. Trent Ltd. is a Public Limited Listed company incorporated on 05/12/1952 and has its registered office in the State of Maharashtra, India.

TRENT Share Price Details: 

- Current Market Price: Rs.1,182

- Stop Loss: Rs.1,150

- Target 1: Rs.1,215

- Target 1: Rs.1,270

- 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.