Swing Trading Stocks: Week of 19 Dec 2022

Swing Trading Stocks: Week of 19 Dec 2022
Swing Trading Stocks: Week of 19 Dec 2022

Stock Recommendations
by Sachin Gupta Last Updated: 2022-12-23T17:09:53+05:30

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

SUVENPHAR

BUY

482

453

512

540

CYIENT

BUY

848

814

882

915

GSFC

BUY

148

141

155

163

BALRAMCHIN

BUY

393

377

409

425

SURYAROSNI

BUY

513

487

540

565

 

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. SUVEN PHARMACEUTICALS (SUVENPHAR)

Suven Pharmaceuticals has an operating revenue of Rs. 1,372.63 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 47% is great, ROE of 29% is exceptional. The company has a reasonable debt to equity of 2%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and around 9% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Suven Pharmaceuticals Share Price Target for Today:

- Current Market Price: Rs. 482

- Stop Loss: Rs. 453

- Target 1: Rs. 512

- Target 2: Rs. 540

- Holding Period: 1 week

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

 

2. CYIENT (CYIENT)

Cyient Ltd (Nse) has an operating revenue of Rs. 5,010.90 Cr. on a trailing 12-month basis. An annual revenue growth of 9% is good, Pre-tax margin of 15% is great, ROE of 16% is good. 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 key moving averages, around 4% and 0% from 50DMA and 200DMA. 

CYIENT Share Price Target for Today:

- Current Market Price: Rs. 848

- Stop Loss: Rs. 814

- Target 1: Rs. 882

- Target 2: Rs. 915

- Holding Period: 1 week

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

 

3. GUJARAT STATE FERTILIZER & CHEMICALS (GSFC)

Guj.Ste.Fert.& Chems. has an operating revenue of Rs. 10,205.55 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 14% is healthy, ROE of 7% is fair but needs improvement. 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 200DMA and around 15% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

Gujarat State Fertilizer & Chemicals Share Price Target for Today

- Current Market Price: Rs. 148

- Stop Loss: Rs. 141

- Target 1: Rs. 155

- Target 2: Rs. 163

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish momentum in GSFC hence making this stock as one of the best swing trade stocks.

 

4. BALRAMPUR CHINI MILLS (BALRAMCHIN)

Balrampur Chini Mls(Nse) has an operating revenue of Rs. 4,684.94 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 below to its 200DMA and around 8% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Balrampur Chini Mills Share Price Target for Today:

- Current Market Price: Rs.  393

- Stop Loss: Rs. 377

- Target 1: Rs. 409

- Target 2: Rs. 425

- Holding Period: 1 week

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

 

5. SURYA ROSHNI(SURYAROSNI)

Surya Roshni (Nse) has an operating revenue of Rs. 8,155.78 Cr. on a trailing 12-month basis. An annual revenue growth of 39% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 13% is good. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 18% from 50DMA and 200DMA.

Surya Roshni Share Price Target for Today

- Current Market Price: Rs. 513

- Stop Loss: Rs. 487

- Target 1: Rs. 540

- Target 2: Rs. 565

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on the verge of breakout in this stock hence making this SURYAROSNI 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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