Swing Trading Stocks: Week of 12 Dec 2022

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. KEI Industries(KEI)

Kei Industries has an operating revenue of Rs. 6,529.04 Cr. on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 9% is okay, ROE of 17% 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 close to its 50DMA and comfortably placed above its 200DMA, around 18% above 200DMA.

KEI Industries Share Price Target for Today:

- Current Market Price: Rs. 1614

- Stop Loss: Rs. 1549

- Target 1: Rs. 1680

- Target 2: Rs. 1745

- Holding Period: 1 week

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

2. CUMMINS INDIA (CUMMINSIND)

Cummins India (Nse) has an operating revenue of Rs. 6,898.98 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 18% is great, ROE of 18% 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 12% and 28% from 50DMA and 200DMA. 

Cummins India Share Price Target for Today:

- Current Market Price: Rs. 1523

- Stop Loss: Rs. 1462

- Target 1: Rs. 1585

- Target 2: Rs. 1650

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see volume spurt in CUMMINSIND and thus making this stock as one of the best swing trade stocks.

3. HDFC BANK (HDFC)

HDFC Bank has an operating revenue of Rs. 180,709.83 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 30% is great, ROE of 15% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 12% from 50DMA and 200DMA. 

HDFC Bank Share Price Target for Today: 

- Current Market Price: Rs. 2672

- Stop Loss: Rs. 2591

- Target 1: Rs. 2753

- Target 2: Rs. 2835

- Holding Period: 1 week

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

4. TITAN COMPANY(TITAN)

Titan Company has an operating revenue of Rs. 36,439.00 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 10% is healthy, ROE of 23% 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 around 6% up from its 200DMA.

Titan Company Share Price Target for Today:

- Current Market Price: Rs.  2615

- Stop Loss: Rs. 2536

- Target 1: Rs. 2695

- Target 2: Rs. 2772

- Holding Period: 1 week

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

5. BANK OF BARODA(BANKBARODA)

Macrotech Developers has an operating revenue of Rs. 9,945.18 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 19% is great, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. 

Bank Of Baroda Share Price Target for Today: 

- Current Market Price: Rs. 188.6

- Stop Loss: Rs. 181

- Target 1: Rs. 196.5

- Target 2: Rs. 205

- Holding Period: 1 week

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