Swing Trading Stocks: Week of 10 Oct 2022

Swing Trading Stocks: Week of 10 Oct 2022
Swing Trading Stocks: Week of 10 Oct 2022

Stock Recommendations
by Sachin Gupta Last Updated: 2022-10-07T18:00:59+05:30

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

EIDPARRY

BUY

615

589

641

667

SUNTV

BUY

540

518

562

585

ARVIND

BUY

99.2

95.2

103.5

107.5

TATACHEM

BUY

1184

1136

1232

1280

TITAN

BUY

2730

2620

2840

2950

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. Eid Parry (EIDPARRY)

Eid Parry (India) (Nse) has an operating revenue of Rs. 26,320.87 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 9% is okay, ROE of 17% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 20% from 50DMA and 200DMA.

Eid Parry Share Price Target for Today:

- Current Market Price: Rs.615

- Stop Loss: Rs.589

- Target 1: Rs.641

- Target 2: Rs.667

- Holding Period: 1 week

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

 

2. Sun Tv Network  (SUNTV)

Sun Tv Network (Nse) has an operating revenue of Rs. 3,985.09 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 61% is great, ROE of 20% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 11% from 50DMA and 200DMA.
 

Sun Tv Network Share Price Target for Today:

- Current Market Price: Rs.540

- Stop Loss: Rs.518

- Target 1: Rs.562

- Target 2: Rs.585

- Holding Period: 1 week

5paisa Recommendation: Our technical experts rising volume in Sun Tv Network and thus making this stock as one of the best swing trade stocks.

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3. Arvind (ARVIND)

Arvind has an operating revenue of Rs. 8,946.42 Cr. on a trailing 12-month basis. An annual revenue growth of 58% is outstanding, Pre-tax margin of 5% is okay, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 26%, which signals a healthy balance sheet. 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.

Arvind Share Price Target for Today

- Current Market Price: Rs.99.2

- Stop Loss: Rs.95.2

- Target 1: Rs.103.5

- Target 2: Rs.107.5

- Holding Period: 1 week

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


4. Tata Chemicals (TATACHEM)

Tata Chemicals has an operating revenue of Rs. 13,639.88 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 11% is healthy, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 20%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 19% from 50DMA and 200DMA.
 

Tata Chemicals Share Price Target for Today:

- Current Market Price: Rs.1184

- Stop Loss: Rs.1136

- Target 1: Rs.1232

- Target 2: Rs.1280

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on verge of breakout expected in this stock hence making Tata Chemicals as one of the best swing trade stocks.

 

5. Titan (TITAN)

Titan Company has an operating revenue of Rs. 34,769.00 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 10% is healthy, ROE of 23% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 8% above 200DMA. 

Titan Share Price Target for Today

- Current Market Price: Rs.2730

- Stop Loss: Rs.2620

- Target 1: Rs.2840

- Target 2: Rs.2950

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see volume spurt in this stock hence making this Titan 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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