Swing Trading Stocks: Week of 23 Jan 2023

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. Apl Apollo Tubes (APLAPOLLO)

Apl Apollo Tubes has an operating revenue of Rs. 14,852.87 Cr. on a trailing 12-month basis. An annual revenue growth of 54% is outstanding, Pre-tax margin of 6% is okay, ROE of 24% is exceptional. The company has a reasonable debt to equity of 15%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 15% from 50DMA and 200DMA. 

Apl Apollo Tubes Share Price Target for Today:

- Current Market Price: Rs. 1196

- Stop Loss: Rs. 1160

- Target 1: Rs. 1232

- Target 2: Rs. 1270

- Holding Period: 1 week

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

2. Jindal Saw (JINDALSAW)

Jindal Saw (Nse) has an operating revenue of Rs. 14,962.76 Cr. on a trailing 12-month basis. An annual revenue growth of 24% is outstanding, Pre-tax margin of 5% is okay, ROE of 5% is fair but needs improvement. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 31% from 50DMA and 200DMA. 

Jindal Saw Share Price Target for Today:

- Current Market Price: Rs. 117

- Stop Loss: Rs. 113

- Target 1: Rs. 121

- Target 2: Rs. 124

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects positive crossover in JINDALSAW and thus making this stock as one of the best swing trade stocks.

3. Indiamart Intermesh (INDIAMART)

Indiamart Intermesh has an operating revenue of Rs. 917.98 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 53% is great, ROE of 15% 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 1% and 1% from 50DMA and 200DMA.

Indiamart Intermesh Share Price Target for Today: 

- Current Market Price: Rs. 4550

- Stop Loss: Rs. 4427

- Target 1: Rs. 4673

- Target 2: Rs. 4795

- Holding Period: 1 week

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

4. Power Grid Corporation Of India (POWERGRID)

Power Grid Corp.Of India has an operating revenue of Rs. 43,188.66 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 47% is great, ROE of 22% is exceptional. The company has a high debt to equity of 150%, which can be a reason to worry. The stock from a technical standpoint is trading close to its key moving averages, around 2% and -0% from 50DMA and 200DMA.  

Power Grid Corporation Of India Share Price Target for Today:

- Current Market Price: Rs. 223

- Stop Loss: Rs. 216

- Target 1: Rs. 230

- Target 2: Rs. 237

- Holding Period: 1 week

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

5. Southern Petrochemicals Industries Corporation (SPIC)

Southern Petrochem. has an operating revenue of Rs. 2,219.34 Cr. on a trailing 12-month basis. An annual revenue growth of 22% is outstanding, Pre-tax margin of 7% is okay, ROE of 23% 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 comfortably placed above its key moving averages, around 8% and 23% from 50DMA and 200DMA. 

Southern Petrochemicals Industries Corporation Share Price Target for Today: 

- Current Market Price: Rs. 78

- Stop Loss: Rs. 74

- Target 1: Rs. 82

- Target 2: Rs. 86

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on Verge of breakout in this stock hence making this SPIC one of the best swing trade stocks.