Swing Trading Stocks: Week of 19 February 2024

Swing Trading Stocks: Week of 19 February 2024
Swing Trading Stocks: Week of 19 February 2024

by Sachin Gupta Last Updated: Feb 19, 2024 - 05:38 pm 1.5k Views
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Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

EQUITASBANK

BUY

107

102

112

116

BATAINDIA

BUY

1433

1390

1476

1520

TATACOMM

BUY

1813

1758

1870

1920

FEDERALBNK

BUY

165

158

172

178

WOCKPHARMA

BUY

487

472

503

515

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. Equitas Small Finance Bank (EQUITASBANK)

Equitas Small Fin is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is ₹4161.88 Cr.

Equitas Small Finance Bank Share Price Target for this week:

• Current Market Price: ₹107

• Stop Loss: ₹102

• Target 1: ₹112

• Target 2: ₹116

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUME in this stock hence making Equitas Small Finance Bank, as one of the best swing trade stocks.

2. Bata India (BATAINDIA)

Bata India is involved in the business activities of Retail sale of footwear. Company’s Total Operating Revenue is ₹3451.57 Cr. and Equity Capital is ₹64.26 Cr. for the Year ended 31/03/2023. Bata India Ltd. is a Public Limited Listed company incorporated on 23/12/1931 and has its registered office in the State of West Bengal, India.

Bata India share price Target for this week

• Current Market Price: ₹1433

• Stop Loss: ₹1390

• Target 1: ₹1476

• Target 2: ₹1520

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Trading PULLBACK EXPECTED in Bata India hence making this stock as one of the best swing trade stocks.

3. Tata Communications (TATACOMM)

Tata Communications is involved in the business activities of Other telecommunications activities. Company’s Total Operating Revenue is ₹7236.28 Cr. and Equity Capital is ₹285.00 Cr. for the Year ended 31/03/2023. 

Tata Communications Share Price Target for this week:

• Current Market Price: ₹1813

• Stop Loss: ₹1758

• Target 1: ₹1870

• Target 2: ₹1920

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects ON THE VERGE OF BREAKOUT in this stock hence making Tata Communications as one of the best swing trade stocks.

4. Federal Bank (FEDERALBNK)

Federal Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is ₹16803.63 Cr. and Equity Capital is ₹423.24 Cr.

Federal Bank Share Price Target for this week

• Current Market Price: ₹165

• Stop Loss: ₹158

• Target 1: ₹172

• Target 2: ₹178

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUME in this stock hence making this Federal Bank one of the best swing trade stocks.

5. Wockhardt (WOCKPHARMA)

Wockhardt Ltd. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is ₹1072.00 Cr. and Equity Capital is ₹72.00 Cr. for the Year ended 31/03/2023. Wockhardt Ltd.

Wockhardt Share Price Target for this week

• Current Market Price: ₹487

• Stop Loss: ₹472

• Target 1: ₹503

• Target 2: ₹515

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONSOLIDATION BREAKOUT in this stock hence making this Wockhardt 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. 

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