Swing Trading Stocks for the week : February 21 , 2022

Swing Trading Stocks for the week

by 5paisa Research Team Last Updated: Feb 21, 2022, 06:57 PM IST

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 a list of five best swing trade stocks. 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 Stocks for the week February 21

 

1. Mangalam Global (MGEL)

Mangalam Global Ent is involved in the business activities of Manufacture of vegetable and animal oils and fats. Company’s Total Operating Revenue is Rs.907.78 Cr. and Equity Capital is Rs.25.09 Cr. for the Year ended 31/03/2021. Mangalam Global Enterprise Ltd. is a Public Limited Listed company incorporated on 27/09/2010 and has its registered office in the State of Gujarat, India.


MGEL Share Price Details:

- Current Market Price: Rs.168

- Stop Loss: Rs.163

- Target 1: Rs.173

- Target 2: Rs.179

- 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.

 

2. Orient Electric (ORIENTELEC)

Orient Electric is involved in the business activities of Manufacture of wiring devices. Company’s Total Operating Revenue is Rs.2032.60 Cr. and Equity Capital is Rs.21.22 Cr. for the Year ended 31/03/2021. Orient Electric Ltd. is a Public Limited Listed company incorporated on 10/10/2016 and has its registered office in the State of Orissa, India.


ORIENTELEC Share Price Details: 

- Current Market Price: Rs.345

- Stop Loss: Rs.337

- Target 1: Rs.353

- Target 2: Rs.362

- Holding Period: 10 Days

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

 

3. VOLTAS LTD (VOLTAS)

Voltas Ltd. is involved in the business activities of Manufacture of refrigerating or freezing equipment f industrial use, including assemblies of major components. Company’s Total Operating Revenue is Rs.6377.97 Cr. and Equity Capital is Rs.33.08 Cr. for the Year ended 31/03/2021. Voltas Ltd. is a Public Limited Listed company incorporated on 06/09/1954 and has its registered office in the State of Maharashtra, India. 


VOLTAS Share Price Details: 

- Current Market Price: Rs.1,253

- Stop Loss: Rs.1,220

- Target 1: Rs.1,290

- Target 2: Rs.1,340

- Holding Period: 10 Days

5paisa Recommendation: Sideways move to end in this stock hence it is recommended to add this stock in your list of best swing trade stocks.

 

4. Speciality Restaurants (SPECIALITY)

Speciality Restaurant is involved in the business activities of Restaurants and mobile food service activities. Company’s Total Operating Revenue is Rs.150.14 Cr. and Equity Capital is Rs.46.96 Cr. for the Year ended 31/03/2021. Speciality Restaurants Ltd. is a Public Limited Listed company incorporated on 01/12/1999 and has its registered office in the State of West Bengal, India.


SPECIALITY Share Price Details: 

- Current Market Price: Rs.146.5

- Stop Loss: Rs.142.5

- Target 1: Rs.151

- Target 2: Rs.155

- Holding Period: 10 Days

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

 

5. Elgi Equipments (ELGIEQUIP)

Elgi Equipments is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs.1100.17 Cr. and Equity Capital is Rs.31.69 Cr. for the Year ended 31/03/2021. Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India.


ELGIEQUIP Share Price Details: 

- Current Market Price: Rs.394

- Stop Loss: Rs.386

- Target 1: Rs.402

- Target 1: Rs.413

- 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.

 

Also read: 5 BTST/STBT Stocks: BTST/STBT Stock list for today February 21

SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)
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SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)

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