Swing Trading Stocks: Week of 08 January 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. D B Realty (DBREALTY)

D B Realty has an operating revenue of Rs. 751.59 Cr. on a trailing 12-month basis. An annual revenue growth of 203% is outstanding, Pre-tax margin of -13% needs improvement, ROE of -4% is poor and needs improvement. The stock from a technical standpoint is trading below to its 50DMA and around 47% up from its 200DMA.

D B Realty Share Price Target for this week:

• Current Market Price: Rs. 197

• Stop Loss: Rs. 189

• Target 1: Rs. 205

• Target 2: Rs. 213

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making DBREALTY, as one of the best swing trade stocks.

2. Liberty Shoes (LIBERTSHOE)

Liberty Shoes has an operating revenue of Rs. 639.74 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 3% needs improvement, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 11% up from its 200DMA.

Liberty Shoes share price Target for this week: 

• Current Market Price: Rs. 288

• Stop Loss: Rs. 276

• Target 1: Rs. 300

• Target 2: Rs. 312

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects MOVED ABOVE 50 DAYS SMA in LIBERTSHOE hence making this stock as one of the best swing trade stocks.

3. India Glycols (INDIAGLYCO)

India Glycols (Nse) has an operating revenue of Rs. 2,636.65 Cr. on a trailing 12-month basis. An annual revenue de-growth of -7% needs improvement, Pre-tax margin of 6% is okay, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 29%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 25% and 36% from 50DMA and 200DMA.

India Glycols Share Price Target for this week: 

• Current Market Price: Rs. 944

• Stop Loss: Rs. 915

• Target 1: Rs. 973

• Target 2: Rs. 1000

• Holding Period: 1 week

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

4. Equitas Small Finance Bank (EQUITASBNK)

Equitas Small Finance Bank has an operating revenue of Rs. 5,576.14 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 16% is great, ROE of 11% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 27% from 50DMA and 200DMA.

Equitas Small Finance Bank Share Price Target for this week: 

• Current Market Price: Rs. 115

• Stop Loss: Rs. 110

• Target 1: Rs. 120

• Target 2: Rs. 125

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RESISTANCE BREAKOUT in this stock hence making this EQUITASBNK one of the best swing trade stocks.

5. Swan Energy (SWANENERGY)

Swan Energy has an operating revenue of Rs. 3,061.85 Cr. on a trailing 12-month basis. An annual revenue growth of 193% is outstanding, Pre-tax margin of -4% needs improvement, ROE of -2% is poor and needs improvement. The company has a high debt to equity of 172%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 74% from 50DMA and 200DMA. 

Swan Energy Share Price Target for this week: 

• Current Market Price: Rs. 560

• Stop Loss: Rs. 543

• Target 1: Rs. 577

• Target 2: Rs. 594

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH TREND in this stock hence making this SWANENERGY one of the best swing trade stocks.