Swing Trading Stocks: Week of 08-Aug-2022

Swing Trading Stocks for 8th August 2022
Swing Trading Stocks for 8th August 2022

Stock Recommendations
by Sachin Gupta Last Updated: 2022-08-05T19:39:09+05:30 IST

Swing Trading Stocks for the Week
 

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

LIC

BUY

688

667

710

730

RAMASTEEL

BUY

480

461

504

520

COROMANDEL

BUY

1050

1008

1092

1120

INFY

BUY

1616

1565

1670

1720

LUPIN

BUY

668

641

695

722

 

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. Life Insurance Corporation (LIC)

Life Insurance Corporation of India is a Public Limited Unlisted company incorporated on 01/09/1956 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Life Insurance Business.

Life Insurance Corporation Share Price Target for Today:

- Current Market Price: Rs.688

- Stop Loss: Rs.667

- Target 1: Rs.710

- Target 2: Rs.730

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see volume spurt in this stock hence making Life Insurance Corporation, as one of the best swing trade stocks.

2. Rama Steel Tubes (RAMASTEEL)

Rama Steel Tubes is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs. 325.71 Cr. and Equity Capital is Rs. 8.40 Cr. for the Year ended 31/03/2021. Rama Steel Tubes Ltd. is a Public Limited Listed company incorporated on 26/02/1974 and has its registered office in the State of Delhi, India.

Rama Steel Tubes Ltd Share Price Target for Today:

- Current Market Price: Rs.480

- Stop Loss: Rs.461

- Target 1: Rs.504

- Target 2: Rs.520

- Holding Period: 1 week

5paisa Recommendation: Our technical experts bullish trend in Rama Steel Tubes Ltd. and thus making this stock as one of the best swing trade stocks.

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3. Coromandel International (COROMANDEL)

Coromandel International Ltd. is involved in the business activities of Manufacture of straight mixed, compound or complex inorganic fertilizers. Company’s Total Operating Revenue is Rs. 19088.26 Cr. and Equity Capital is Rs. 29.35 Cr. for the Year ended 31/03/2022. Coromandel International Ltd. is a Public Limited Listed company incorporated on 16/10/1961 and has its registered office in the State of Andhra Pradesh, India.

Coromandel International Share Price Target for Today:

- Current Market Price: Rs.1050

- Stop Loss: Rs.1008

- Target 1: Rs.1092

- Target 2: Rs.1120

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish trend in this stock hence making Coromandel International  Ltd., as one of the best swing trade stocks.

4. Infosys (INFY)

Infosys Ltd. is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 103940.00 Cr. and Equity Capital is Rs. 2103.00 Cr. for the Year ended 31/03/2022. Infosys Ltd. is a Public Limited Listed company incorporated on 02/07/1981 and has its registered office in the State of Karnataka, India. 

Infosys Share Price Target for Today

- Current Market Price: Rs.1616

- Stop Loss: Rs.1565

- Target 1: Rs.1670

- Target 2: Rs.1720

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see rising volume in this stock hence making this Infosys Ltd. stock as one of the best swing trade stocks.

5. Lupin (LUPIN)

Lupin Ltd. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs. 11771.67 Cr. and Equity Capital is Rs. 90.90 Cr. for the Year ended 31/03/2022. Lupin Ltd. is a Public Limited Listed company incorporated on 01/03/1983 and has its registered office in the State of Maharashtra, India. 

Lupin Share Price Target for Today

- Current Market Price: Rs.668

- Stop Loss: Rs.641

- Target 1: Rs.695

- Target 2: Rs.722

- Holding Period: 1 week

5paisa Recommendation: Our technical experts Recovery on card Lupin on forming bearish setup in this stock hence making this stock as 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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59,646.15
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-670.20 (-1.69%)

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