Swing Trading Stocks: Week of 31 July 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. Tata Power (TATAPOWER)

Tata Power has an operating revenue of Rs. 55,109.08 Cr. on a trailing 12-month basis. An annual revenue growth of 29% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 11% is good. The company has a high debt to equity of 107%, which can be a reason to worry. The stock from a technical standpoint is trading close to its key moving averages, around 0% and 4% from 50DMA and 200DMA.

Tata Power India Share Price Target for Today:

- Current Market Price: Rs. 235

- Stop Loss: Rs. 228

- Target 1: Rs. 243

- Target 2: Rs. 250

- Holding Period: 1 week

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

2. Kolte-Patil Developers (KOLTEPATIL)

Kolte-Patil Developers has an operating revenue of Rs. 1,488.43 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 11% is healthy, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 28% from 50DMA and 200DMA.

Kolte-Patil Developers Share Price Target for Today: 

- Current Market Price: Rs. 420

- Stop Loss: Rs. 403

- Target 1: Rs. 437

- Target 2: Rs. 455

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects resistance breakout in KOLTEPATIL hence making this stock as one of the best swing trade stocks.

3. Bharat Electronics (BEL)

Bharat Electronics has an operating revenue of Rs. 17,734.44 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 22% 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 comfortably placed above its key moving averages, around 5% and 20% from 50DMA and 200DMA.

Bharat Electronics 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 positive crossover in this stock hence making this  BEL one of the best swing trade stocks.

4. HDFC Asset Management Company (HDFCAMC)

HDFC Asset Management Company has an operating revenue of Rs. 2,219.77 Cr. on a trailing 12-month basis. An annual revenue growth of 2% is not great, Pre-tax margin of 86% is great, ROE of 23% is exceptional. The stock from a technical standpoint is comfortably placed above its key moving averages, around 16% and 22% from 50DMA and 200DMA.

HDFC Asset Management Company Share Price  Target for Today: 

- Current Market Price: Rs. 2538

- Stop Loss: Rs. 2462

- Target 1: Rs. 2614

- Target 2: Rs. 2690

- Holding Period: 1 week

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

5. Hero MotoCorp (HEROMOTOCO)

Hero Motocorp has an operating revenue of Rs. 34,158.38 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 11% is healthy, ROE of 16% 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 comfortably placed above its key moving averages, around 7% and 16% from 50DMA and 200DMA.

Hero MotoCorp Share Price Target for Today: 

- Current Market Price: Rs. 3172

- Stop Loss: Rs. 3109

- Target 1: Rs. 3235

- Target 2: Rs. 3298

- Holding Period: 1 week

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