Swing Trading Stocks: Week of 3 October 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. Sobha (SOBHA)

Sobha has an operating revenue of Rs. 3,653.31 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 10% and 21% from 50DMA and 200DMA.

Sobha Share Price Target for this week:

• Current Market Price: Rs. 705

• Stop Loss: Rs. 677

• Target 1: Rs. 733

• Target 2: Rs. 760

• Holding Period: 1 week

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

2. Hindustan Copper (HINDCOPPER)

Hindustan Copper (NSE) has an operating revenue of Rs. 1,699.88 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 trading close to its 50DMA and comfortably placed above its 200DMA, around 30% above 200DMA.

Hindustan Copper Share Price Target for this week: 

• Current Market Price: Rs. 163

• Stop Loss: Rs. 156

• Target 1: Rs. 170

• Target 2: Rs. 176

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in HINDCOPPER hence making this stock as one of the best swing trade stocks.

3. Spandana Sphoorty Financial (SPANDANA)

Spandana Sphoorty Financial has an operating revenue of Rs. 1,662.09 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 0% is poor and needs improvement. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 20% above 200DMA.

Spandana Sphoorty Financial Share Price Target for this week: 

• Current Market Price: Rs. 834

• Stop Loss: Rs. 800

• Target 1: Rs. 868

• Target 2: Rs. 900

• Holding Period: 1 week

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

4. Aditya Birla Money (BIRLAMONEY)

Aditya Birla Money has an operating revenue of Rs. 279.44 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 18% is great, ROE of 31% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 30% from 50DMA and 200DMA.

Aditya Birla Money Share Price Target forthis week: 

• Current Market Price: Rs. 79

• Stop Loss: Rs. 75

• Target 1: Rs. 83

• Target 2: Rs. 87

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see positive crossover in this stock hence making this BIRLAMONEY one of the best swing trade stocks.

5. Cummins India (CUMMINSIND)

Cummins India (NSE) has an operating revenue of Rs. 8,294.42 Cr. on a trailing 12-month basis. An annual revenue growth of 26% 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 below to its 50DMA and close to its 200DMA.

Cummins India Share Price  Target for this week: 

• Current Market Price: Rs. 1697

• Stop Loss: Rs. 1646

• Target 1: Rs. 1748

• Target 2: Rs. 1795

• Holding Period: 1 week

5paisa Recommendation: Our technical experts see on the near to support in this stock hence making this CUMMINSIND one of the best swing trade stocks.