Swing Trading Stocks: Week of 04 March 2024

Swing Trading Stocks 04 March 2024
Swing Trading Stocks: Week of 04 March 2024

by Sachin Gupta Last Updated: Mar 03, 2024 - 09:43 pm 1.4k Views
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Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

TATACHEM

BUY

973

938

1010

1040

L&TFH

BUY

172

165

180

185

SBIN

BUY

774

750

798

820

TATASTEEL

BUY

156

148

165

172

INDUSTOWER

BUY

266

254

278

290

At the beginning of every week, our analysts scan through the markets and provide a list of the five best swing trade stocks. The stocks are recommended from a wider list of stocks with the help of fundamental and technical analysis. We regularly update our success rate and issue special commentary during special market events. The average holding period could be between 7-10 days on average.

Weekly Stocks for Swing Trading

1. Tata Chemicals (TATACHEM)

Tata Chemicals is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs. 4930.00 Cr. and Equity Capital is Rs. 255.00 Cr. for the Year ended 31/03/2023. Tata Chemicals Ltd. is a Public Limited Listed company incorporated on 23/01/1939 and has its registered office in the State of Maharashtra, India.

Tata Chemicals share price Target for this week:

• Current Market Price: ₹973

• Stop Loss: ₹938

• Target 1: ₹1010

• Target 2: ₹1040

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects PULLBACK EXPECTED in this stock hence making TATACHEM, as one of the best swing trade stocks.

2. L&T Finance Holdings (L&TFH)

L&T Finance Holdings is involved in the business activities of Activities of holding companies. Company’s Total Operating Revenue is Rs. 347.37 Cr. and Equity Capital is Rs. 2479.67 Cr. for the Year ended 31/03/2023. L&T Finance Holdings Ltd. is a Public Limited Listed company incorporated on 01/05/2008 and has its registered office in the State of Maharashtra, India.

L&T Finance Holdings share price Target for this week

• Current Market Price: ₹172

• Stop Loss: ₹165

• Target 1: ₹180

• Target 2: ₹185

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Trading RISING VOLUME in BL&TFH hence making this stock as one of the best swing trade stocks.

3. State Bank of India (SBIN)

State Bank of India is a Public Limited Listed company incorporated on 31/12/1955 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.

State Bank of India Share Price Target for this week:

• Current Market Price: ₹774

• Stop Loss: ₹750

• Target 1: ₹798

• Target 2: ₹820

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects ON THE VERGE OF BREAKOUT in this stock hence making SBIN as one of the best swing trade stocks.

4. Tata Steel (TATASTEEL)

Tata Steel is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 129006.62 Cr. and Equity Capital is Rs. 1222.40 Cr. for the Year ended 31/03/2023. Tata Steel Ltd. is a Public Limited Listed company incorporated on 26/08/1907 and has its registered office in the State of Maharashtra, India.

Tata Steel Share Price Target for this week

• Current Market Price: ₹156

• Stop Loss: ₹148

• Target 1: ₹165

• Target 2: ₹172

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence making this TATASTEEL one of the best swing trade stocks.

5. Indus Towers (INDUSTOWER)

Indus Towers is involved in the business activities of Wireless telecommunications activities. Company’s Total Operating Revenue is Rs. 28381.80 Cr. and Equity Capital is Rs. 2694.90 Cr. for the Year ended 31/03/2023. Indus Towers Ltd. is a Public Limited Listed company incorporated on 30/11/2006 and has its registered office in the State of Haryana, India.

Indus Towers Share Price Target for this week

• Current Market Price: ₹266

• Stop Loss: ₹254

• Target 1: ₹278

• Target 2: ₹290

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH TREND in this stock hence making this INDUSTOWER one of the best swing trade stocks.

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About the Author

Mr. Sachin Gupta is a Senior Research Analyst at 5paisa, based in Mumbai. He has over 10 years of experience in Equity, Commodity research and strategies. 

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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