Swing Trading Stocks: Week of 26 Dec 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. Divi's Laboratories (DIVISLAB)

Divis Laboratories (Nse) has an operating revenue of Rs. 9,120.74 Cr. on a trailing 12-month basis. An annual revenue growth of 29% is outstanding, Pre-tax margin of 41% is great, ROE of 25% 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 below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Divi's Laboratories Share Price Target for Today:

- Current Market Price: Rs. 3498

- Stop Loss: Rs. 3323

- Target 1: Rs. 3673

- Target 2: Rs. 3849

- Holding Period: 1 week

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

2. Syngene International(SYNGENE)

Syngene Inter has an operating revenue of Rs. 2,812.10 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 19% is great, ROE of 12% is good. The company has a reasonable debt to equity of 16%, 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. 

Syngene International Share Price Target for Today:

- Current Market Price: Rs. 578

- Stop Loss: Rs. 550

- Target 1: Rs. 606

- Target 2: Rs. 635

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see reversed from support in SYNGENE and thus making this stock as one of the best swing trade stocks.

3. Infosys (INFY)

Infosys has an operating revenue of Rs. 135,151.00 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 25% is great, ROE of 29% 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

Infosys Share Price Target for Today: 

- Current Market Price: Rs. 1498

- Stop Loss: Rs. 1423

- Target 1: Rs. 1573

- Target 2: Rs. 1650

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in INFY hence making this stock as one of the best swing trade stocks.

4. Bajaj Finance (BAJFINANCE JAN FUT)

Bajaj Finance has an operating revenue of Rs. 36,408.47 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 30% is great, ROE of 16% is good. 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.

Bajaj Finance Share Price Target for Today:

- Current Market Price: Rs. 6420

- Stop Loss: Rs. 6613

- Target 1: Rs. 6227

- Target 2: Rs. 6035

- Holding Period: 1 week

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

5. UltraTech Cement(ULTRACEMCO JAN FUT)

Ultratech Cement has an operating revenue of Rs. 57,808.88 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 16% is great, ROE of 14% is good. The company has a reasonable debt to equity of 11%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA.

UltraTech Cement Share Price Target for Today: 

- Current Market Price: Rs. 6950

- Stop Loss: Rs. 7158

- Target 1: Rs. 6741

- Target 2: Rs. 6533

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see correction expected in this stock hence making this ULTRACEMCO one of the best swing trade stocks.