Swing Trading Stocks: Week of 13 November 2023

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. National Mineral Development Corporation (NMDC)

Nmdc has an operating revenue of Rs. 18,294.47 Cr. on a trailing 12-month basis. An annual revenue de-growth of -31% needs improvement, Pre-tax margin of 43% is great, ROE of 24% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 34% from 50DMA and 200DMA. 

National Mineral Development Corporation Share Price Target for this week:

• Current Market Price: Rs. 169

• Stop Loss: Rs. 163

• Target 1: Rs. 175

• Target 2: Rs. 180

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence making NMDC, as one of the best swing trade stocks.

2. Power Finance Corporation (PFC)

Power Finance has an operating revenue of Rs. 83,083.49 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 34% is great, ROE of 18% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 61% from 50DMA and 200DMA.

Power Finance Corporation Share Price Target for this week: 

• Current Market Price: Rs. 288

• Stop Loss: Rs. 276

• Target 1: Rs. 300

• Target 2: Rs. 312

• Holding Period: 1 week

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

3. Wockhardt (WOCKPHARMA)

Wockhardt has an operating revenue of Rs. 2,700.00 Cr. on a trailing 12-month basis. An annual revenue de-growth of -15% needs improvement, Pre-tax margin of -24% needs improvement, ROE of -16% is poor and needs improvement. The company has a reasonable debt to equity of 7%, 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 14% above 200DMA.

Wockhardt Share Price Target for this week: 

• Current Market Price: Rs. 250

• Stop Loss: Rs. 241

• Target 1: Rs. 259

• Target 2: Rs. 268

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects ON VERGE OF BREAKOUT in this stock hence making WOCKPHARMA as one of the best swing trade stocks.

4. REC (RECLTD)

REC has an operating revenue of Rs. 42,800.62 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 35% is great, ROE of 19% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 15% and 78% from 50DMA and 200DMA. 

REC Share Price Target for this week: 

• Current Market Price: Rs. 326

• Stop Loss: Rs. 317

• Target 1: Rs. 335

• Target 2: Rs. 345

• Holding Period: 1 week

5paisa Recommendation: Our technical experts BULLISH TREND in this stock hence making this RECLTD one of the best swing trade stocks.

5. Great Eastern Shipping Company (GESHIP)

Great Eastern Shipping has an operating revenue of Rs. 5,389.72 Cr. on a trailing 12-month basis. An annual revenue growth of 68% is outstanding, Pre-tax margin of 45% is great, ROE of 25% is exceptional. The company has a reasonable debt to equity of 29%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA.

Great Eastern Shipping Company Share Price Target for this week: 

• Current Market Price: Rs. 758

• Stop Loss: Rs. 732

• Target 1: Rs. 785

• Target 2: Rs. 812

• Holding Period: 1 week

5paisa Recommendation: Our technical experts REVERSED FROM THE SUPPORT in this stock hence making this GESHIP one of the best swing trade stocks.