Swing Trading Stocks: Week of 27 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. Multi Commodity Exchange of India (MCX)

Multi Cmod.Ex.Of India has an operating revenue of Rs. 588.20 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 38% is great, ROE of 7% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 29% and 72% from 50DMA and 200DMA.

Multi Commodity Exchange of India share price Target for this week:

• Current Market Price: Rs. 2927

• Stop Loss: Rs. 2854

• Target 1: Rs. 3000

• Target 2: Rs. 3075

• Holding Period: 1 week

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

2. Supriya Lifescience (SUPRIYA)

Supriya Lifescience has an operating revenue of Rs. 519.53 Cr. on a trailing 12-month basis. An annual revenue de-growth of -12% needs improvement, Pre-tax margin of 27% is great, 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 trading below to its 50DMA and close to its 200DMA.

Supriya Lifescience share price Target for this week: 

• Current Market Price: Rs. 276

• Stop Loss: Rs. 262

• Target 1: Rs. 290

• Target 2: Rs. 305

• Holding Period: 1 week

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

3. Hindustan Copper (HINDCOPPER)

Hindustan Copper (Nse) has an operating revenue of Rs. 1,869.14 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 24% is great, ROE of 14% is good. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 28% from 50DMA and 200DMA.

Hindustan Copper Share Price Target for this week: 

• Current Market Price: Rs. 164

• Stop Loss: Rs. 159

• Target 1: Rs. 169

• Target 2: Rs. 175

• Holding Period: 1 week

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

4. Mazagon Dock Shipbuilders (MAZDOCK)

Mazagon Dock Shipbuilders has an operating revenue of Rs. 7,894.96 Cr. on a trailing 12-month basis. An annual revenue growth of 39% is outstanding, Pre-tax margin of 18% is great, ROE of 23% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

Mazagon Dock Shipbuilders Share Price Target for this week: 

• Current Market Price: Rs. 2040

• Stop Loss: Rs. 1980

• Target 1: Rs. 2100

• Target 2: Rs. 2165

• Holding Period: 1 week

5paisa Recommendation: Our technical experts PULLBACK EXPECTED in this stock hence making this MAZDOCK one of the best swing trade stocks.

5. Rupa & Company (RUPA)

Rupa has an operating revenue of Rs. 1,140.32 Cr. on a trailing 12-month basis. An annual revenue de-growth of -22% needs improvement, Pre-tax margin of 6% is okay, ROE of 5% is fair but needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet.

Rupa & Company Share Price Target for this week: 

• Current Market Price: Rs. 274

• Stop Loss: Rs. 263

• Target 1: Rs. 285

• Target 2: Rs. 295

• Holding Period: 1 week

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