Swing Trading Stocks: Week of 9 Jan 2023

Swing Trading Stocks: Week of 9 Jan 2023

by Sachin Gupta Last Updated: Sep 07, 2023 - 05:09 pm 5k Views
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Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

MFSL

BUY

741

707

775

809

GSPL

BUY

275

266

284

292

M&M

BUY

1264

1228

1300

1335

HDFCLIFE

BUY

610

587

633

655

BRITANNIA

BUY

4360

4198

4522

4685

Check out Web-Stories for Swing Trading Stocks: Week of 9 Jan 2023

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. Max Financial Services (MFSL)

Max Financial Services Ltd has an operating revenue of Rs. 28,501.47 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 1% needs improvement, ROE of 6% is fair but needs improvement. The stock from a technical standpoint is trading below to its 200DMA and around 6% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

Max Financial Services Share Price Target for Today:

- Current Market Price: Rs. 741

- Stop Loss: Rs. 707

- Target 1: Rs. 775

- Target 2: Rs. 809

- Holding Period: 1 week

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

 

2. Gujarat State Petronet (GSPL)

Gujarat State Petronet has an operating revenue of Rs. 20,460.43 Cr. on a trailing 12-month basis. An annual revenue growth of 56% is outstanding, Pre-tax margin of 16% is great, ROE of 20% 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 12% from 50DMA and 200DMA. 

Gujarat State Petronet Share Price Target for Today:

- Current Market Price: Rs. 275

- Stop Loss: Rs. 266

- Target 1: Rs. 284

- Target 2: Rs. 292

- Holding Period: 1 week

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

 

3. Mahindra & Mahindra (M&M)

Mahindra & Mahindra has an operating revenue of Rs. 107,811.62 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 8% is okay, ROE of 13% is good. The company has a high debt to equity of 103%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 50DMA and around 10% up from its 200DMA.

Mahindra & Mahindra Share Price Target for Today

- Current Market Price: Rs. 1264

- Stop Loss: Rs. 1228

- Target 1: Rs. 1300

- Target 2: Rs. 1335

- Holding Period: 1 week

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

 

4. HDFC Life Insurance Company (HDFCLIFE)

Hdfc Life Insurance Co has an operating revenue of Rs. 61,383.09 Cr. on a trailing 12-month basis. An annual revenue de-growth of -6% needs improvement, Pre-tax margin of 2% needs improvement, ROE of 8% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 9% from 50DMA and 200DMA. 

HDFC Life Insurance Company Share Price Target for Today:

- Current Market Price: Rs. 610

- Stop Loss: Rs. 587

- Target 1: Rs. 633

- Target 2: Rs. 655

- Holding Period: 1 week

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

 

5. Britannia Industries (BRITANNIA)

Britannia Inds. has an operating revenue of Rs. 15,206.00 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 15% is great, ROE of 59% is exceptional. The company has a reasonable debt to equity of 28%, 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 15% above 200DMA. 

Britannia Industries Share Price Target for Today

- Current Market Price: Rs. 4360

- Stop Loss: Rs. 4198

- Target 1: Rs. 4522

- Target 2: Rs. 4685

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish trend in this stock hence making this BRITANNIA 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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