Swing Trading Stocks: Week of 29 May 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. HDFC Asset Management Company (HDFCAMC)

HDFC Asset Management has an operating revenue of Rs. 1,645.23 Cr. on a trailing 12-month basis. An annual revenue growth of 11% is good, Pre-tax margin of 88% is great, ROE of 25% is exceptional. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

HDFC Asset Management Company Share Price Target for Today:

- Current Market Price: Rs. 1855

- Stop Loss: Rs. 1800

- Target 1: Rs. 1910

- Target 2: Rs. 1965

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects On Verge Of Breakout in this stock hence making HDFCAMC, as one of the best swing trade stocks.

2. Cummins India (CUMMINSIND)

Cummins India (NSE) has an operating revenue of Rs. 7,772.09 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 18% is great, ROE of 21% 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 trading close to its 50DMA and comfortably placed above its 200DMA, around 16% above 200DMA.

Cummins India Share Price Target for Today:

- Current Market Price: Rs. 1735

- Stop Loss: Rs. 1683

- Target 1: Rs. 1788

- Target 2: Rs. 1840

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Positive Crossover in CUMMINSIND and thus making this stock as one of the best swing trade stocks.

3. Dabur India (DABUR)

Dabur India has an operating revenue of Rs. 11,529.89 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 19% is great, ROE of 19% is exceptional. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

Dabur India Share Price Target for Today: 

- Current Market Price: Rs. 542

- Stop Loss: Rs. 528

- Target 1: Rs. 556

- Target 2: Rs. 570

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Rising Volume in DABUR hence making this stock as one of the best swing trade stocks.

4.Info Edge (India) (NAUKRI)

Info Edge (India) (Nse) has an operating revenue of Rs. 2,213.85 Cr. on a trailing 12-month basis. An annual revenue growth of 60% is outstanding, Pre-tax margin of 755% is great, ROE of 74% 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 trading close to its 200DMA and around 5% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

Info Edge (India) Share Price Target for Today:

- Current Market Price: Rs. 4198

- Stop Loss: Rs. 4072

- Target 1: Rs. 4325

- Target 2: Rs. 4450

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Volume Spurt in this stock hence making NAUKRI as one of the best swing trade stocks.

5. Max Financial Services (MFSL)

Max Financial Services Ltd has an operating revenue of Rs. 31,412.67 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 1% needs improvement, ROE of 6% is fair but needs improvement. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Max Financial Services Share Price Target for Today: 

- Current Market Price: Rs. 687

- Stop Loss: Rs. 667

- Target 1: Rs. 708

- Target 2: Rs. 728

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Consolidation Breakout in this stock hence making this MFSL one of the best swing trade stocks.