Swing Trading Stocks: Week of 08 April 2024

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 Bank (HDFCBANK)

Hdfc Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 161585.54 Cr. and Equity Capital is Rs. 557.97 Cr. for the Year ended 31/03/2023. HDFC Bank Ltd. is a Public Limited Listed company incorporated on 30/08/1994 and has its registered office in the State of Maharashtra, India.

HDFC Bank Share Price  Target for this week:

• Current Market Price: ₹1550

• Stop Loss: ₹1488

• Target 1: ₹1615

• Target 2: ₹1675

• Holding Period: 1 week

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

2. Chambal Fertilisers & Chemicals (CHAMBLFERT)

Chambal Fertilizers is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs. 27772.81 Cr. and Equity Capital is Rs. 416.21 Cr. for the Year ended 31/03/2023. Chambal Fertilisers & Chemicals Ltd. is a Public Limited Listed company incorporated on 07/05/1985 and has its registered office in the State of Rajasthan, India. 

Chambal Fertilisers & Chemicals Share Price Target for this week: 

• Current Market Price: ₹381

• Stop Loss: ₹369

• Target 1: ₹393

• Target 2: ₹405

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects ON THE VERGE OF BREAKOUT in Chambal Fertilisers & Chemicals hence making this stock as one of the best swing trade stocks.

3. Indus Towers (INDUSTOWER)

Indus Towers is involved in the business activities of Wireless telecommunications activities. Company’s Total Operating Revenue is Rs. 28381.80 Cr. and Equity Capital is Rs. 2694.90 Cr. for the Year ended 31/03/2023. Indus Towers Ltd. is a Public Limited Listed company incorporated on 30/11/2006 and has its registered office in the State of Haryana, India.

Indus Towers Share Price Target for this week:

• Current Market Price: ₹314

• Stop Loss: ₹299

• Target 1: ₹330

• Target 2: ₹345

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making Indus Towers as one of the best swing trade stocks.

4. Valor Estate (DBREALTY)

Valor Estate is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 3.58 Cr. and Equity Capital is Rs. 352.15 Cr. for the Year ended 31/03/2023. D B Realty Ltd. is a Public Limited Listed company incorporated on 08/01/2007 and has its registered office in the State of Maharashtra, India.

Valor Estate Share Price Target for this week: 

• Current Market Price: ₹230

• Stop Loss: ₹217

• Target 1: ₹243

• Target 2: ₹255

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUME in this stock hence making this Valor Estate one of the best swing trade stocks.

5. GAIL (India) (GAIL)

Gail (India) is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 144249.68 Cr. and Equity Capital is Rs. 6575.10 Cr. for the Year ended 31/03/2023. GAIL (India) Ltd. is a Public Limited Listed company incorporated on 16/08/1984 and has its registered office in the State of Delhi, India.

GAIL (India) Share Price Target for this week: 

• Current Market Price: ₹190

• Stop Loss: ₹182

• Target 1: ₹198

• Target 2: ₹205

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER IN RSI in this stock hence making this GAIL (India) one of the best swing trade stocks.