Swing Trading Stocks: Week of 3 Oct 2022

Swing Trading Stocks: Week of 3 Oct 2022
Swing Trading Stocks: Week of 3 Oct 2022

Stock Recommendations
by Sachin Gupta Last Updated: 2022-09-30T17:09:20+05:30

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

KRBL

BUY

367

347

388

405

DMART

BUY

4385

4253

4516

4650

BLS

BUY

283

271

295

305

SUNTV

BUY

508

487

529

550

BAJAJELEC

BUY

1200

1115

1185

1220

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. Krbl (KRBL)

Krbl has an operating revenue of Rs. 4,422.88 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 15% is great, ROE of 11% is good. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 19% and 46% from 50DMA and 200DMA.

Krbl Share Price Target for Today:

- Current Market Price: Rs.367

- Stop Loss: Rs.347

- Target 1: Rs.388

- Target 2: Rs.405

- Holding Period: 1 week

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

 

2. Avenue Supermarts (DMART)

Avenue Supermarts has an operating revenue of Rs. 35,831.22 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 7% is okay, ROE of 10% 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 below to its 50DMA and close to its 200DMA. 
 

Avenue Supermarts Share Price Target for Today:

- Current Market Price: Rs.4385

- Stop Loss: Rs.4253

- Target 1: Rs.4516

- Target 2: Rs.4650

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expecting recovery in Avenue Supermarts and thus making this stock as one of the best swing trade stocks.

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3. Bls International Services (BLS)

Bls International Services has an operating revenue of Rs. 944.18 Cr. on a trailing 12-month basis. An annual revenue growth of 74% is outstanding, Pre-tax margin of 13% is healthy, ROE of 19% 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 comfortably placed above its key moving averages, around 8% and 57% from 50DMA and 200DMA.

Bls International Services Share Price Target for Today

- Current Market Price: Rs.283

- Stop Loss: Rs.271

- Target 1: Rs.295

- Target 2: Rs.305

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish moment in Bls International Services hence making this stock as one of the best swing trade stocks.


4. Sun Tv Network (SUNTV)

Sun Tv Network (Nse) has an operating revenue of Rs. 3,985.09 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 61% is great, ROE of 20% 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 close to its 50DMA and comfortably placed above its 200DMA, around 5% above 200DMA. 

Sun Tv Network Share Price Target for Today:

- Current Market Price: Rs.508

- Stop Loss: Rs.487

- Target 1: Rs.529

- Target 2: Rs.550

- Holding Period: 1 week

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

 

5. Bajaj Electricals (BAJAJELEC)

Bajaj Electricals has an operating revenue of Rs. 5,185.27 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 3% needs improvement, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA.

Bajaj Electricals Share Price Target for Today

- Current Market Price: Rs.1200

- Stop Loss: Rs.1115

- Target 1: Rs.1185

- Target 2: Rs.1220

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see rising volume in this stock hence making this Bajaj Electricals 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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