Swing Trading Stocks: Week of 28 August 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. Asahi India Glass (ASAHIINDIA)

Asahi India Glass has an operating revenue of Rs. 4,185.01 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 14% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 36%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA.

Asahi India Glass Share Price Target for Today:

- Current Market Price: Rs. 558

- Stop Loss: Rs. 530

- Target 1: Rs. 586

- Target 2: Rs. 615

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in this stock hence making ASAHIINDIA, as one of the best swing trade stocks.

2. Texmaco Rail & Engineering (TEXRAIL)

Texmaco Rail & Engr. has an operating revenue of Rs. 2,601.40 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 1% needs improvement, ROE of 1% is fair but needs improvement. The company has a reasonable debt to equity of 12%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 34% and 97% from 50DMA and 200DMA. 

Texmaco Rail & Engineering Share Price Target for Today: 

- Current Market Price: Rs. 131

- Stop Loss: Rs. 125

- Target 1: Rs. 136

- Target 2: Rs. 142

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects volume spurt in TEXRAIL hence making this stock as one of the best swing trade stocks.

3. Radico Khaitan (RADICO)

Radico Khaitan (Nse) has an operating revenue of Rs. 3,339.31 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 9% is okay, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 5% up from its 200DMA.

Radico Khaitan Share Price Target for Today: 

- Current Market Price: Rs. 1243

- Stop Loss: Rs. 1193

- Target 1: Rs. 1295

- Target 2: Rs. 1345

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in this stock hence making RADICO as one of the best swing trade stocks.

4. Titagarh Rail System (TITAGARH)

Titagarh Rail Systems Ltd has an operating revenue of Rs. 3,258.49 Cr. on a trailing 12-month basis. An annual revenue growth of 44% is outstanding, Pre-tax margin of 7% is okay, ROE of 13% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 36% and 137% from 50DMA and 200DMA.

Titagarh Rail System Share Price Target for Today: 

- Current Market Price: Rs. 818

- Stop Loss: Rs. 790

- Target 1: Rs. 847

- Target 2: Rs. 875

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish momentum in this stock hence making this TITAGARH one of the best swing trade stocks.

5. PTC India (PTC)

PTC India has an operating revenue of Rs. 16,510.41 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 4% needs improvement, ROE of 8% is fair but needs improvement. The company has a debt to equity of 96%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 30% from 50DMA and 200DMA.

PTC India Share Price  Target for Today: 

- Current Market Price: Rs. 130

- Stop Loss: Rs. 126

- Target 1: Rs. 134

- Target 2: Rs. 138

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see on the verge of breakout in this stock hence making this PTC one of the best swing trade stocks.