Swing Trading Stocks: Week of 08 January 2024

Swing Trading Stocks: Week of 08 January 2024
Swing Trading Stocks: Week of 08 January 2024

by Sachin Gupta Last Updated: Jan 05, 2024 - 05:35 pm 2.1k Views
Listen icon

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

DBREALTY

BUY

197

189

205

213

LIBERTSHOE

BUY

288

276

300

312

INDIAGLYCO

BUY

944

915

973

1000

EQUITASBNK

BUY

115

110

120

125

SWANENERGY

BUY

560

543

577

594

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. D B Realty (DBREALTY)

D B Realty has an operating revenue of Rs. 751.59 Cr. on a trailing 12-month basis. An annual revenue growth of 203% is outstanding, Pre-tax margin of -13% needs improvement, ROE of -4% is poor and needs improvement. The stock from a technical standpoint is trading below to its 50DMA and around 47% up from its 200DMA.

D B Realty Share Price Target for this week:

• Current Market Price: Rs. 197

• Stop Loss: Rs. 189

• Target 1: Rs. 205

• Target 2: Rs. 213

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making DBREALTY, as one of the best swing trade stocks.

2. Liberty Shoes (LIBERTSHOE)

Liberty Shoes has an operating revenue of Rs. 639.74 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 3% needs improvement, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 11% up from its 200DMA.

Liberty Shoes share price Target for this week

• Current Market Price: Rs. 288

• Stop Loss: Rs. 276

• Target 1: Rs. 300

• Target 2: Rs. 312

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects MOVED ABOVE 50 DAYS SMA in LIBERTSHOE hence making this stock as one of the best swing trade stocks.

3. India Glycols (INDIAGLYCO)

India Glycols (Nse) has an operating revenue of Rs. 2,636.65 Cr. on a trailing 12-month basis. An annual revenue de-growth of -7% needs improvement, Pre-tax margin of 6% is okay, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 29%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 25% and 36% from 50DMA and 200DMA.

India Glycols Share Price Target for this week

• Current Market Price: Rs. 944

• Stop Loss: Rs. 915

• Target 1: Rs. 973

• Target 2: Rs. 1000

• Holding Period: 1 week

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

4. Equitas Small Finance Bank (EQUITASBNK)

Equitas Small Finance Bank has an operating revenue of Rs. 5,576.14 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 16% is great, ROE of 11% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 27% from 50DMA and 200DMA.

Equitas Small Finance Bank Share Price Target for this week

• Current Market Price: Rs. 115

• Stop Loss: Rs. 110

• Target 1: Rs. 120

• Target 2: Rs. 125

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RESISTANCE BREAKOUT in this stock hence making this EQUITASBNK one of the best swing trade stocks.

5. Swan Energy (SWANENERGY)

Swan Energy has an operating revenue of Rs. 3,061.85 Cr. on a trailing 12-month basis. An annual revenue growth of 193% is outstanding, Pre-tax margin of -4% needs improvement, ROE of -2% is poor and needs improvement. The company has a high debt to equity of 172%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 74% from 50DMA and 200DMA. 

Swan Energy Share Price Target for this week

• Current Market Price: Rs. 560

• Stop Loss: Rs. 543

• Target 1: Rs. 577

• Target 2: Rs. 594

• Holding Period: 1 week

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

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

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.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 18 April 2024

Ahead of the mid-week holiday, Nifty witnessed another gap down opening and then traded within a narrow range. The index ended below 22150 with a loss of over half a percent. Nifty Today:

Stock Of The Day – Cochin Shipyard Ltd

Cochin Shipyard Ltd. Stock Movement of Day    

Market Outlook for 16 April 2024

Our markets started the week on a negative note owing to the rising geopolitical tensions seen over the weekend. Nifty witnessed some pullback from the opening hour low of 22260, but it witnessed selling pressure at higher levels and ended the day around 22270 with a loss of over a percent.