Swing Trading Strategies for the week : November 29, 2021

Swing Trading Strategies for the week : November 29, 2021

by 5paisa Research Team Last Updated: Dec 06, 2021, 09:45 AM 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 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 November 29

1. Zee Entertainment (ZEEL)

Zee Entertainment Stock Details:

- Current Market Price: Rs. 343

- Stop Loss: Rs. 335

- Target 1: Rs. 352

- Target 2: Rs. 363

- 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.

 

2. Alkem Laboratories (ALKEM)

Alkem Laboratories Stock Details: 

- Current Market Price: Rs. 3,563

- Stop Loss: Rs. 3,470

- Target 1: Rs. 3,660

- Target 2: Rs. 3,746

- 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.

 

3. Bajaj Holdings (BAJAJHLDNG)

Bajaj Holdings Stock Details: 

- Current Market Price: Rs. 5,037

- Stop Loss: Rs. 4,900

- Target 1: Rs. 5,190

- Target 2: Rs. 5,320

- 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. Torrent Pharmaceuticals (TORNTPHARM)

Torrent Pharmaceuticals Stock Details: 

- Current Market Price: Rs. 3,036

- Stop Loss: Rs. 2,948

- Target 1: Rs. 3,140

- Target 2: Rs. 3,210

- Holding Period: 10 Days

5paisa Recommendation: Further buying is expected in this stock and hence it is recommended to add this in your best swing trade stocks list.

 

5. Welspun India (WELSPUNIND)

Welspun India Stock Details: 

- Current Market Price: Rs. 139

- Stop Loss: Rs. 134

- Target 1: Rs. 145

- Target 1: Rs. 151

- 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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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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