Swing Trading Stocks: Week of 1-August-2022

Swing Trading Stocks: Week of 1-August-2022
Swing Trading Stocks

Stock Recommendations
by Sachin Gupta Last Updated: 2022-08-01T09:56:47+05:30

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

REASON 

HAVELLS

BUY

1249

1211

1286

1324

Rising Volume 

OIL

BUY

190

184.3

196

202

Near To Support 

BALRAMCHIN

BUY

395

379

411

427

Bullish Breakout

DEVYANI

BUY

178

171

185

193

Volume Spurt 

METROPOLIS

BUY

1578

1515

1642

1705

Near To Support 


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. HAVELLS

Havell's India has an operating revenue of Rs. 15,572.97 Cr. on a trailing 12-month basis. An annual revenue growth of 32% is outstanding, Pre-tax margin of 12% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 6% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

HAVELLS Share Price Target

- Action: BUY

 - Current Market Price:   1249

 - Stop Loss:  1211

 - Target 1:  1286

 - Target 2:  1324

 - Holding Period: 1 week
 

5paisa Recommendation: 5paisa Recommendation: Our technical experts see rising volumes in this stock hence making HAVELLS the best stock to buy.

2. OIL

Oil India has an operating revenue of Rs. 30,014.50 Cr. on a trailing 12-month basis. An annual revenue growth of 32% is outstanding, Pre-tax margin of 30% is great, ROE of 18% is exceptional. The company has a debt to equity of 54%, which is bit higher. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -27% from the pivot point.

OIL Share Price Target:

- Action: BUY

 - Current Market Price:   190

 - Stop Loss:  184.3

 - Target 1:  196

 - Target 2:  202

 - Holding Period: 1 week
 

5paisa Recommendation: Our technical experts see OIL near Support and thus making this stock as one of the best swing trade stocks.


3. BALRAMCHIN

Balrampur Chini has an operating revenue of Rs. 4,846.03 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 12% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 4% and -0% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move.

Balrampur Chini Share Price Target:

- Action: BUY

 - Current Market Price:   395

 - Stop Loss:  379

 - Target 1:  411

 - Target 2:  427

 - Holding Period: 1 week
 

5paisa Recommendation: Our technical experts see Bullish Breakout in this stock hence making Balrampur Chini as one of the best swing trade stocks.

4. Devyani International

Devyani International has an operating revenue of Rs. 2,084.01 Cr. on a trailing 12-month basis. An annual revenue growth of 75% is outstanding, Pre-tax margin of 6% is okay, ROE of 22% is exceptional. The company has a reasonable debt to equity of 16%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 11% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 10% away from the crucial pivot point.

Devyani International Share Price Target

- Action: BUY

 - Current Market Price:   178

 - Stop Loss:  171

 - Target 1:  185

 - Target 2:  193

 - Holding Period: 1 week
 

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

5. METROPOLIS

Metropolis Healthcare has an operating revenue of Rs. 1,228.34 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 24% is great, ROE of 24% is exceptional. The company has a reasonable debt to equity of 18%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

METROPOLIS Share Price Target: 

- Action: BUY

 - Current Market Price:   1578

 - Stop Loss:  1515

 - Target 1:  1642

 - Target 2:  1705

 - Holding Period: 1 week
 

5paisa Recommendation: Our technical experts see METROPOLIS near to support 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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