Swing Trading Stocks: Week of 13 Feb 2023

Swing Trading Stocks for the Week

Check out Web-Stories for Swing Trading Stocks: Week of 13 Feb 2023

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. Bharat Forge (BHARAT FORG)

Bharat Forge has an operating revenue of Rs. 11,895.63 Cr. on a trailing 12-month basis. An annual revenue growth of 64% is outstanding, Pre-tax margin of 14% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 27%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 13% above 200DMA.

Bharat Forge Share Price Target for Today:

- Current Market Price: Rs. 883

- Stop Loss: Rs. 865

- Target 1: Rs. 900

- Target 2: Rs. 915

- Holding Period: 1 week

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

2. Godrej Properties (GODREJ PROP)

Godrej Properties has an operating revenue of Rs. 1,936.63 Cr. on a trailing 12-month basis. An annual revenue growth of 94% is outstanding, Pre-tax margin of 39% is great, ROE of 4% is fair but needs improvement. 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.

Godrej Properties Share Price Target for Today:

- Current Market Price: Rs. 1208

- Stop Loss: Rs. 1163

- Target 1: Rs. 1250

- Target 2: Rs. 1295

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in GODREJ PROP and thus making this stock as one of the best swing trade stocks.

3. Tata Motors (TATA MOTORS)

Tata Motors has an operating revenue of Rs. 318,473.68 Cr. on a trailing 12-month basis. An annual revenue growth of 12% is good, Pre-tax margin of -3% needs improvement, ROE of -25% is poor and needs improvement. The company has a high debt to equity of 219%, which can be a reason to worry. The stock from a technical standpoint is trading close to its 200DMA and around 5% above its 50DMA.

Tata Motors Share Price Target for Today: 

- Current Market Price: Rs. 446

- Stop Loss: Rs. 431

- Target 1: Rs. 460

- Target 2: Rs. 474

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects rising volume in TATA MOTORS hence making this stock as one of the best swing trade stocks.

4. ICICI Lombard General Insurance Company (ICICI LOMBARD)

ICICI Lombard General Ins Co has an operating revenue of Rs. 17,377.43 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 12% is healthy, ROE of 13% is good. 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.

ICICI Lombard General Insurance Company Share Price Target for Today:

- Current Market Price: Rs. 1152

- Stop Loss: Rs. 1132

- Target 1: Rs. 1170

- Target 2: Rs. 1190

- Holding Period: 1 week

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

5. L&T Finance Holdings (L&TFH)

L&T Finance Holdings has an operating revenue of Rs. 12,505.77 Cr. on a trailing 12-month basis. An annual revenue de-growth of -12% needs improvement, Pre-tax margin of 10% is healthy, ROE of 5% is fair but needs improvement. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 16% above 200DMA.

L&T Finance Holdings Share Price Target for Today: 

- Current Market Price: Rs. 95

- Stop Loss: Rs. 90

- Target 1: Rs. 100

- Target 2: Rs. 104

- Holding Period: 1 week

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