Swing Trading Stocks: Week of 18 March 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. Cochin Shipyard (COCHINSHIP)

Cochin Shipyard is involved in the business activities of Repair of fabricated metal products, machinery and equipment. Company’s Total Operating Revenue is Rs. 2330.46 Cr. and Equity Capital is Rs. 131.54 Cr. for the Year ended 31/03/2023. Cochin Shipyard Ltd. is a Public Limited Listed company incorporated on 29/03/1972 and has its registered office in the State of Kerala, India. 

Cochin Shipyard Share Price  Target for this week:

• Current Market Price: ₹890

• Stop Loss: ₹846

• Target 1: ₹935

• Target 2: ₹980

• Holding Period: 1 week

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

2. Radico Khaitan (RADICO)

Radico Khaitan is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs. 3142.82 Cr. and Equity Capital is Rs. 26.73 Cr. for the Year ended 31/03/2023. Radico Khaitan Ltd. is a Public Limited Listed company incorporated on 21/07/1983 and has its registered office in the State of Uttar Pradesh, India. 

Radico Khaitan Share Price Target for this week: 

• Current Market Price: ₹1590

• Stop Loss: ₹1542

• Target 1: ₹1638

• Target 2: ₹1685

• Holding Period: 1 week

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

3. Redington (REDINGTON)

Redington L is involved in the business activities of Wholesale of machinery, equipment and supplies. Company’s Total Operating Revenue is Rs. 35341.44 Cr. and Equity Capital is Rs. 156.31 Cr. for the Year ended 31/03/2023. Redington Ltd. is a Public Limited Listed company incorporated on 02/05/1961 and has its registered office in the State of Tamil Nadu, India. 

Redington Share Price Target for this week:

• Current Market Price: ₹212

• Stop Loss: ₹204

• Target 1: ₹220

• Target 2: ₹229

• Holding Period: 1 week

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

4. HDFC Life Insurance Company (HDFCLIFE)

Hdfc Life Insurance is involved in the business activities of Life insurance. Company’s Total Operating Revenue is Rs. 70081.27 Cr. and Equity Capital is Rs. 2149.40 Cr. for the Year ended 31/03/2023. HDFC Life Insurance Company Ltd. is a Public Limited Listed company incorporated on 14/08/2000 and has its registered office in the State of Maharashtra, India. 

HDFC Life Insurance Company Share Price Target for this week: 

• Current Market Price: ₹633

• Stop Loss: ₹602

• Target 1: ₹665

• Target 2: ₹695

• Holding Period: 1 week

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

5. Ambuja Cements (AMBUJACEM)

Ambuja Cements is involved in the business activities of Manufacture of clinkers and cement. Company’s Total Operating Revenue is Rs. 19985.43 Cr. and Equity Capital is Rs. 397.13 Cr. for the Year ended 31/03/2023. Ambuja Cements Ltd. is a Public Limited Listed company incorporated on 20/10/1981 and has its registered office in the State of Gujarat, India

Ambuja Cements Share Price Target for this week: 

• Current Market Price: ₹600

• Stop Loss: ₹576

• Target 1: ₹625

• Target 2: ₹648

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making this Ambuja Cements one of the best swing trade stocks.