Swing Trading Stocks: Week of 15 January 2024

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. Hindustan Oil Exploration Company (HINDOILEXP)

Hindustan Oil Exp. has an operating revenue of Rs. 625.36 Cr. on a trailing 12-month basis. An annual revenue growth of 240% is outstanding, Pre-tax margin of 35% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 10%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 6% above its 50DMA.

Hindustan Oil Exploration Company Share Price Target for this week:

• Current Market Price: Rs. 181

• Stop Loss: Rs. 175

• Target 1: Rs. 190

• Target 2: Rs. 197

• Holding Period: 1 week

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

2. Utkarsh Small Finance Bank (UTKARSHBNK)

Utkarsh Small Finance Bank Ltd has an operating revenue of Rs. 3,146.13 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 19% is great, ROE of 20% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 19% and 21% from 50DMA and 200DMA.

Utkarsh Small Finance Bank share price Target for this week: 

• Current Market Price: Rs. 63

• Stop Loss: Rs. 60

• Target 1: Rs. 66

• Target 2: Rs. 70

• Holding Period: 1 week

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

3. Bhansali Engineering Polymers (BEPL)

Bhansali Engr. (Nse) has an operating revenue of Rs. 1,275.59 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 14% is healthy, ROE of 12% is good. 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 16% and 28% from 50DMA and 200DMA.

Bhansali Engineering Polymers Share Price Target for this week: 

• Current Market Price: Rs. 115

• Stop Loss: Rs. 110

• Target 1: Rs. 120

• Target 2: Rs. 126

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making BEPL as one of the best swing trade stocks.

4. Trigyn Technologies (TRIGYN)

Trigyn Technologies has an operating revenue of Rs. 1,302.43 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 5% is okay, ROE of 5% is fair but needs improvement. 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 17% and 30% from 50DMA and 200DMA.

Trigyn Technologies Share Price Target for this week: 

• Current Market Price: Rs. 153

• Stop Loss: Rs. 146

• Target 1: Rs. 160

• Target 2: Rs. 168

• Holding Period: 1 week

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

5. D B Realty (DBREALTY)

D B Realty has an operating revenue of Rs. 751.59 Cr. on a trailing 12-month basis. An annual revenue growth of 203% is outstanding, Pre-tax margin of -13% needs improvement, ROE of -4% is poor and needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 71% from 50DMA and 200DMA.

D B Realty Share Price Target for this week: 

• Current Market Price: Rs. 223

• Stop Loss: Rs. 211

• Target 1: Rs. 235

• Target 2: Rs. 245

• Holding Period: 1 week

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