Swing Trading Stocks: Week of 09-May-2022

swing trading strategies on 9th May 22

by 5paisa Research Team Last Updated: May 16, 2022, 01:08 AM IST

Swing Trading Stocks for the Week

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. Tech Mahindra (TECHM)

Tech Mahindra is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs.29640.90 Cr. and Equity Capital is Rs.484.10 Cr. for the Year ended 31/03/2021. Tech Mahindra Ltd. is a Public Limited Listed company incorporated on 24/10/1986 and has its registered office in the State of Maharashtra, India.


TECHM Share Price Target:

- Current Market Price: Rs.1,291

- Stop Loss: Rs.1,258

- Target 1: Rs.1,324

- Target 2: Rs.1,360

- 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. Linde India (LINDEINDIA)

Linde India is involved in the business activities of Manufacture of liquefied or compressed inorganic industrial or medical gases (elemental gases, liquid or compressed air, refrigerant gases, mixed industrial gases etc.). Company’s Total Operating Revenue is Rs.2111.96 Cr. and Equity Capital is Rs.85.28 Cr. for the Year ended 31/12/2021. Linde India Ltd. is a Public Limited Listed company incorporated on 24/01/1935 and has its registered office in the State of West Bengal, India.


LINDEINDIA Share Price Target

- Current Market Price: Rs.3,494

- Stop Loss: Rs.3,410

- Target 1: Rs.3,580

- Target 2: Rs.3,665

- 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.

 

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3. Vinati Organics (VINATIORGA)

Vinati Organics is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs.954.26 Cr. and Equity Capital is Rs.10.28 Cr. for the Year ended 31/03/2021. Vinati Organics Ltd. is a Public Limited Listed company incorporated on 15/06/1989 and has its registered office in the State of Maharashtra, India.


VINATIORGA Share Price Target

- Current Market Price: Rs.1,969

- Stop Loss: Rs.1,925

- Target 1: Rs.2,015

- Target 2: Rs.2,078

- 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. Axis Bank (AXISBANK)

Axis Bank Ltd. is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs.67376.83 Cr. and Equity Capital is Rs.613.95 Cr. for the Year ended 31/03/2022. Axis Bank Ltd. is a Public Limited Listed company incorporated on 03/12/1993 and has its registered office in the State of Gujarat, India.


AXISBANK Share Price Target: 

- Current Market Price: Rs.673

- Stop Loss: Rs.659

- Target 1: Rs.687

- Target 2: Rs.706

- 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. Power Grid (POWERGRID)

Power Grid Corporation is involved in the business activities of Transmission of electric energy. Company’s Total Operating Revenue is Rs.37665.65 Cr. and Equity Capital is Rs.5231.59 Cr. for the Year ended 31/03/2021. Power Grid Corporation of India Ltd. is a Public Limited Listed company incorporated on 23/10/1989 and has its registered office in the State of Delhi, India.


POWERGRID Share Price Target

- Current Market Price: Rs.238

- Stop Loss: Rs.232

- Target 1: Rs.244

- Target 2: Rs.250

- 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.

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