Swing Trading Stocks for the week : March 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 March 07

1. Chambal Fertilizers (CHAMBLFERT)

Chambal Fertilizers is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs.12719.01 Cr. and Equity Capital is Rs.416.21 Cr. for the Year ended 31/03/2021. Chambal Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 07/05/1985 and has its registered office in the State of Rajasthan, India.

CHAMBLFERT Share Price Details:

- Current Market Price: Rs.390

- Stop Loss: Rs.381

- Target 1: Rs.399

- Target 2: Rs.412

- 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. Birlasoft Ltd (BSOFT)

Birlasoft is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. Company’s Total Operating Revenue is Rs.1640.53 Cr. and Equity Capital is Rs.55.46 Cr. for the Year ended 31/03/2021. Birlasoft Ltd. is a Public Limited Listed company incorporated on 28/12/1990 and has its registered office in the State of Maharashtra, India.

BSOFT Share Price Details: 

- Current Market Price: Rs.438

- Stop Loss: Rs.427

- Target 1: Rs.450

- Target 2: Rs.461

- 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. Eclerx Services (ECLERX)

Eclerx Services is involved in the business activities of Data processing, hosting and related activities. Company’s Total Operating Revenue is Rs.1197.40 Cr. and Equity Capital is Rs.34.89 Cr. for the Year ended 31/03/2021. eClerx Services Ltd. is a Public Limited Listed company incorporated on 24/03/2000 and has its registered office in the State of Maharashtra, India.

ECLERX Share Price Details: 

- Current Market Price: Rs.2,242

- Stop Loss: Rs.2,180

- Target 1: Rs.2,310

- Target 2: Rs.2,380

- 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. Sun Pharmaceutical (SUNPHARMA)

Sun Pharma. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.12803.21 Cr. and Equity Capital is Rs.239.93 Cr. for the Year ended 31/03/2021. Sun Pharmaceutical Industries Ltd. is a Public Limited Listed company incorporated on 01/03/1993 and has its registered office in the State of Gujarat, India.

SUNPHARMA Share Price Details: 

- Current Market Price: Rs.830

- Stop Loss: Rs.806

- Target 1: Rs.854

- Target 2: Rs.882

- 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. Adani Total (ATGL)

Adani Total Gas is involved in the business activities of Manufacture of gas. Company’s Total Operating Revenue is Rs.1695.60 Cr. and Equity Capital is Rs.109.98 Cr. for the Year ended 31/03/2021. Adani Total Gas Ltd. is a Public Limited Listed company incorporated on 05/08/2005 and has its registered office in the State of Gujarat, India.

ATGL Share Price Details: 

- Current Market Price: Rs.1,805

- Stop Loss: Rs.1,755

- Target 1: Rs.1,856

- Target 1: Rs.1,910

- 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.