Swing Trading Stocks: Week of 10 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. PVR INOX (PVRINOX)

PVR INOX has an operating revenue of Rs. 3,751.98 Cr. on a trailing 12-month basis. An annual revenue growth of 131% is outstanding, Pre-tax margin of -6% needs improvement, ROE of -4% is poor and needs improvement. The company has a reasonable debt to equity of 17%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

PVR INOX Share Price Target for Today:

- Current Market Price: Rs. 1440

- Stop Loss: Rs. 1383

- Target 1: Rs. 1497

- Target 2: Rs. 1555

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Recovery On Card in this stock hence making PVRINOX, as one of the best swing trade stocks.

2. RITES (RITES)

Rites has an operating revenue of Rs. 2,628.27 Cr. on a trailing 12-month basis. An annual revenue de-growth of -1% needs improvement, Pre-tax margin of 29% 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.

RITES Share Price Target for Today: 

- Current Market Price: Rs. 378

- Stop Loss: Rs. 370

- Target 1: Rs. 386

- Target 2: Rs. 395

- Holding Period: 1 week

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

3. SBI Life Insurance Company (SBILFE)

SBI Life Insurance Co. has an operating revenue of Rs. 80,635.66 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 3% needs improvement, ROE of 13% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 6% from 50DMA and 200DMA.

SBI Life Insurance Company Share Price Target for Today:

- Current Market Price: Rs. 1294

- Stop Loss: Rs. 1268

- Target 1: Rs. 1320

- Target 2: Rs. 1345

- Holding Period: 1 week

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

4. ZEE (ZEEL)

Zee Entertainment Ents. has an operating revenue of Rs. 8,097.43 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 6% is okay, ROE of 0% is poor and needs improvement. 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 200DMA and close to its 50DMA.

ZEE Share Price Target for Today: 

- Current Market Price: Rs. 206

- Stop Loss: Rs. 195

- Target 1: Rs. 217

- Target 2: Rs. 228

- Holding Period: 1 week

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

5. Ambuja Cements (AMBUJACEM FUT)

Ambuja Cements has an operating revenue of Rs. 31,048.77 Cr. on a trailing 12-month basis. Pre-tax margin of 10% is healthy, ROE of 8% is fair but needs improvement. 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 200DMA and close to its 50DMA. 

Ambuja Cements Share Price Target for Today: 

- Current Market Price: Rs. 420

- Stop Loss: Rs. 432

- Target 1: Rs. 408

- Target 2: Rs. 395

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Support Breakdown in this stock hence making this AMBUJACEM FUT one of the best swing trade stocks.