Swing Trading Stocks for the week : January 31, 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 31

1. UPL LTD (UPL)

UPL belongs to the Industry of Agro Chemicals/Pesticides. Company’s Total Operating Revenue is Rs.11345.00 Cr. and Equity Capital is Rs.153.00 Cr. for the Year ended 31/03/2021. UPL Ltd. is a Public Limited Listed company incorporated on 02/01/1985 and has its registered office in the State of Gujarat, India. 

UPL Share Price Details:

- Current Market Price: Rs.790

- Stop Loss: Rs.770

- Target 1: Rs.812

- Target 2: Rs.850

- 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. Bata India (BATAINDIA)

Bata India is involved in the business activities of Retail sale of leather goods and travel accessories of leather and leather substitutes. Company’s Total Operating Revenue is Rs.1707.30 Cr. and Equity Capital is Rs.64.26 Cr. for the Year ended 31/03/2021. Bata India Ltd. is a Public Limited Listed company incorporated on 23/12/1931 and has its registered office in the State of West Bengal, India.

BATAINDIA Share Price Details: 

- Current Market Price: Rs.2,073

- Stop Loss: Rs.2,020

- Target 1: Rs.2,130

- Target 2: Rs.2,185

- 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. SBI Cards (SBICARD)

SBI Cards And Pay is involved in the business activities of Financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs.9277.48 Cr. and Equity Capital is Rs.940.53 Cr. for the Year ended 31/03/2021. SBI Cards and Payment Services Ltd. is a Public Limited Listed company incorporated on 15/05/1998 and has its registered office in the State of Delhi, India.

SBICARD Share Price Details: 

- Current Market Price: Rs.868

- Stop Loss: Rs.845

- Target 1: Rs.893

- Target 2: Rs.911

- 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. Cummins India (CUMMINSIND)

Cummins India Lt is involved in the business activities of Manufacture of general purpose machinery. Company’s Total Operating Revenue is Rs.4329.24 Cr. and Equity Capital is Rs.55.44 Cr. for the Year ended 31/03/2021. Cummins India Ltd. is a Public Limited Listed company incorporated on 17/02/1962 and has its registered office in the State of Maharashtra, India.

CUMMINSIND Share Price Details: 

- Current Market Price: Rs.934

- Stop Loss: Rs.910

- Target 1: Rs.960

- Target 2: Rs.984

- 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. Apollo Hospitals (APOLLOHOSP)

Apollo Hospitals is involved in the business activities of Hospital activities. Company’s Total Operating Revenue is Rs.9153.00 Cr. and Equity Capital is Rs.71.90 Cr. for the Year ended 31/03/2021. Apollo Hospitals Enterprise Ltd. is a Public Limited Listed company incorporated on 05/12/1979 and has its registered office in the State of Tamil Nadu, India. 

APOLLOHOSP Share Price Details: 

- Current Market Price: Rs.4,479

- Stop Loss: Rs.4,365

- Target 1: Rs.4,590

- Target 1: Rs.4,710

- 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.