Swing Trading Stocks for the week : March 14 , 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 14

1. Sun Pharmaceuticals (SUNPHARMA)

Sun Pharmaceuticals 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.902

- Stop Loss: Rs.876

- Target 1: Rs.929

- Target 2: Rs.956

- 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.423

- Stop Loss: Rs.412

- Target 1: Rs.434

- Target 2: Rs.449

- 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. Godawari Power (GPIL)

Godawari Power & Ispat belongs to the Industry of Steel - Sponge Iron. Company’s Total Operating Revenue is Rs.3640.87 Cr. and Equity Capital is Rs.34.11 Cr. for the Year ended 31/03/2021. Godawari Power & Ispat Ltd. is a Public Limited Listed company incorporated on 21/09/1999 and has its registered office in the State of Chattisgarh, India.

GPIL Share Price Details: 

- Current Market Price: Rs.386

- Stop Loss: Rs.377

- Target 1: Rs.395

- Target 2: Rs.403

- 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. NMDC LTD (NMDC)

NMDC Ltd. is involved in the business activities of Mining of iron ores, Mining of gemstones (agate, diamond, emerald, garnet (gem), jasper, rubby/ saphire etc., Manufacture of direct reduction of iron (sponge iron) and other spongy ferrous products, Manufacture of pig iron and spiegeleisen in pigs, blocks or other primary forms, Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs.15370.06 Cr. and Equity Capital is Rs.293.07 Cr. for the Year ended 31/03/2021. NMDC Ltd. is a Public Limited Listed company incorporated on 15/11/1958 and has its registered office in the State of Andhra Pradesh, India.

NMDC Share Price Details: 

- Current Market Price: Rs.157

- Stop Loss: Rs.153

- Target 1: Rs.161

- Target 2: Rs.166

- 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. Gujarat Alkalies (GUJALKALI)

Gujarat Alkalies & Chemicals belongs to the Industry of Chemicals - Inorganic - Caustic Soda/Soda Ash. Company’s Total Operating Revenue is Rs.2429.48 Cr. and Equity Capital is Rs.73.44 Cr. for the Year ended 31/03/2021. Gujarat Alkalies & Chemicals Ltd. is a Public Limited Listed company incorporated on 29/03/1973 and has its registered office in the State of Gujarat, India.

GUJALKALI Share Price Details: 

- Current Market Price: Rs.710

- Stop Loss: Rs.690

- Target 1: Rs.731

- Target 1: Rs.754

- 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.