Swing Trading Stocks: Week of 5 Dec 2022

Swing Trading Stocks: Week of 5 Dec 2022

Stock Recommendations
by Sachin Gupta Last Updated: 2022-12-09T19:50:52+05:30

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

PRESTIGE

BUY

508

486

530

555

TATASTEEL

BUY

112

107

118

123

RADICO

BUY

1134

1066

1203

1270

MANAPPURAM

BUY

119

115

123

127

LODHA

BUY

1050

1008

1092

1135

 

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. PRESTIGE ESTATES PROJECTS (PRESTIGE)

Prestige Estates Prjs. has an operating revenue of Rs. 7,144.10 Cr. on a trailing 12-month basis. An annual revenue de-growth of -12% needs improvement, Pre-tax margin of 24% is great, ROE of 12% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 10% from 50DMA and 200DMA. 

Prestige Estates Projects Share Price Target for Today:

- Current Market Price: Rs. 508

- Stop Loss: Rs. 486

- Target 1: Rs. 530

- Target 2: Rs. 555

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Bullish Breakout in this stock hence making PRESTIGE, as one of the best swing trade stocks.

 

2. TATA STEEL (TATASTEEL)

Tata Steel has an operating revenue of Rs. 253,414.20 Cr. on a trailing 12-month basis. An annual revenue growth of 56% is outstanding, Pre-tax margin of 20% is great, ROE of 35% is exceptional. The company has a reasonable debt to equity of 39%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 7% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

Tata Steel Share Price Target for Today:

- Current Market Price: Rs. 112

- Stop Loss: Rs. 107

- Target 1: Rs. 118

- Target 2: Rs. 123

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Rising Volume in TATASTEEL and thus making this stock as one of the best swing trade stocks.

 

3. RADICO KHAITAN(RADICO)

Radico Khaitan (Nse) has an operating revenue of Rs. 10,476.31 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 12% is healthy, ROE of 12% 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 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. 

Radico Khaitan  Share Price Target for Today

- Current Market Price: Rs. 1134

- Stop Loss: Rs. 1066

- Target 1: Rs. 1203

- Target 2: Rs. 1270

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Consolidation Breakout in RADICO hence making this stock as one of the best swing trade stocks.

 

4. MANAPPURAM FINANCE (MANAPPURAM)

Manappuram Finance has an operating revenue of Rs. 6,164.04 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 29% is great, ROE of 15% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 10% and 10% from 50DMA and 200DMA. 

Manappuram Finance Share Price Target for Today:

- Current Market Price: Rs.  119

- Stop Loss: Rs. 115

- Target 1: Rs. 123

- Target 2: Rs. 127

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on Rising Volume in this stock hence making MANAPPURAM as one of the best swing trade stocks.

 

5. MACROTECH DEVELOPERS(LODHA)

Macrotech Developers has an operating revenue of Rs. 9,945.18 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 19% is great, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. 

Macrotech Developers Share Price Target for Today

- Current Market Price: Rs. 1050

- Stop Loss: Rs. 1008

- Target 1: Rs. 1092

- Target 2: Rs. 1135

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see On Verge Of Breakout in this stock hence making this LODHA 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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