Swing Trading Strategies for the week : December 20, 2021

5paisa research provides investors with the best short-term and long-term investing ideas. Every morning we offer 5 best stocks to buy, in the afternoon we provide five best buy today and sell tomorrow (BTST) ideas, while at the beginning of every week we provide five best swing trading ideas. We regularly update our success rate and issue special commentary during special market events.

Swing Trading: What is Swing Trading?

Swing Trading is a kind of fundamental trading strategy where positions are held for more than a single day. Since corporate fundamentals generally require several days or even a week to cause sufficient price movement to render a reasonable profit, most swing traders are also considered fundamentalists as well.

Some others also explain swing trading as a trading strategy in the middle of day trading and trend trading. While day traders hold stocks not more than a day the trend trader holds stocks as for a week or even a month or months based on fundamental trends. Swing traders trade in a particular stock based on intra-week or intra-month oscillations between pessimism and optimism.

Best Swing Trading Strategies for the week December 20

1. SBI CARDS (SBICARD)

SBI Cards And Pay is involved in the business activities of Financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs.9277.48 Cr. and Equity Capital is Rs.940.53 Cr. for the Year ended 31/03/2021. SBI Cards and Payment Services Ltd. is a Public Limited Listed company incorporated on 15/05/1998 and has its registered office in the State of Delhi, India.

SBICARD Stock Price Details:

- Current Market Price: Rs. 903

- Stop Loss: Rs. 878

- Target 1: Rs. 930

- Target 2: Rs. 970

- Holding Period: 10 Days

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

2. PERSISTENT SYSTEMS (PERSISTENT)

Persistent Systems is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 2479.61 Cr. and Equity Capital is Rs. 76.43 Cr. for the Year ended 31/03/2021. Persistent Systems Ltd. is a Public Limited Listed company incorporated on 30/05/1990 and has its registered office in the State of Maharashtra, India.

PERSISTENT Stock Price Details: 

- Current Market Price: Rs. 4,640

- Stop Loss: Rs. 4,525

- Target 1: Rs. 4,760

- Target 2: Rs. 4,850

- Holding Period: 10 Days

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

3. NHPC LTD (NPHC)

NPHC Stock Price Details: 

- Current Market Price: Rs. 31

- Stop Loss: Rs. 29

- Target 1: Rs. 33

- Target 2: Rs. 35

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end in this stock hence making this stock as one of the best swing trade stocks.

4. MINDA CORPORATION (MINDACORP)

Minda Corporation is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company’s Total Operating Revenue is Rs.2288.80 Cr. and Equity Capital is Rs.47.80 Cr. for the Year ended 31/03/2021. Minda Corporation Ltd. is a Public Limited Listed company incorporated on 11/03/1985 and has its registered office in the State of Delhi, India.

MINDACORP Stock Price Details: 

- Current Market Price: Rs. 164

- Stop Loss: Rs. 159

- Target 1: Rs. 170

- Target 2: Rs. 176

- Holding Period: 10 Days

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

5. GAIL INDIA (GAIL)

Gail (India) belongs to the Industry of Oil Drilling And Exploration. Company’s Total Operating Revenue is Rs.56730.15 Cr. and Equity Capital is Rs.4440.39 Cr. for the Year ended 31/03/2021. GAIL (India) Ltd. is a Public Limited Listed company incorporated on 16/08/1984 and has its registered office in the State of Delhi, India.

GAIL Stock Price Details: 

- Current Market Price: Rs. 130

- Stop Loss: Rs. 126

- Target 1: Rs. 134

- Target 1: Rs. 139

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end in this stock hence making this stock as one of the best swing trade stocks.