Swing Trading Stocks: Week of 19-September-2022

Swing Trading Stocks for the Week

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. Tata Motors FUT (TATAMOTORS)

Tata Motors has an operating revenue of Rs. 283,981.83 Cr. on a trailing 12-month basis. An annual revenue growth of 12% is good, Pre-tax margin of -3% needs improvement, ROE of -25% is poor and needs improvement. The company has a high debt to equity of 219%, which can be a reason to worry. 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 is currently FORMING a base in its weekly chart and is trading around 16% away from the crucial pivot point. 

Tata Motors Share Price Target for Today:

- Current Market Price: Rs.432

- Stop Loss: Rs.440

- Target 1: Rs.420

- Target 2: Rs.410

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see support breakdown in this stock hence making Tata Motors, as one of the best swing trade stocks.

2. Rain Industries FUT (RAIN)

Rain Industries has an operating revenue of Rs. 17,852.15 Cr. on a trailing 12-month basis. An annual revenue growth of 35% is outstanding, Pre-tax margin of 9% is okay, ROE of 9% is fair but needs improvement. The company has a high debt to equity of 128%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA.
 

Rain Industries Share Price Target for Today:

- Current Market Price: Rs.177

- Stop Loss: Rs.182

- Target 1: Rs.172

- Target 2: Rs.167

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see expecting downside in Rain Industries and thus making this stock as one of the best swing trade stocks.

3. Raymond (RAYMOND)

Raymond (Nse) has an operating revenue of Rs. 7,080.95 Cr. on a trailing 12-month basis. An annual revenue growth of 74% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 11% is good. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 32% from 50DMA and 200DMA.

Raymond Share Price Target for Today: 

- Current Market Price: Rs.1148

- Stop Loss: Rs.1088

- Target 1: Rs.1210

- Target 2: Rs.1270

- Holding Period: 1 week

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

4. Ccl Products (CCL)

Ccl Products (India) has an operating revenue of Rs. 1,645.18 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 18% is great, ROE of 16% is good. The company has a reasonable debt to equity of 9%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 26% from 50DMA and 200DMA.

Ccl Products Share Price Target for Today:

- Current Market Price: Rs.525

- Stop Loss: Rs.504

- Target 1: Rs.546

- Target 2: Rs.567

- Holding Period: 1 week

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

5. Star Health And Allied Insurance Company (STARHEALTH)

Star Health And Allied Insurance Company has an operating revenue of Rs. 11,105.52 Cr. on a trailing 12-month basis. An annual revenue growth of 110% is outstanding, Pre-tax margin of -13% needs improvement, ROE of -22% is poor and needs improvement. The stock from a technical standpoint is trading close to its key moving averages, around 3% and 1% from 50DMA and 200DMA. 

Star Health And Allied Insurance Company Share Price Target for Today: 

- Current Market Price: Rs.742

- Stop Loss: Rs.707

- Target 1: Rs.778

- Target 2: Rs.815

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see this stock volume spurt hence making this Star Health And Allied Insurance Company one of the best swing trade stocks.