Swing Trading Stocks: Week of 15 May 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. Havells India (HAVELLS)

Havell's India has an operating revenue of Rs. 16,910.73 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 9% is okay, ROE of 16% is good. 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 200DMA and around 6% above its 50DMA.

Havells India Share Price Target for Today:

- Current Market Price: Rs. 1305

- Stop Loss: Rs. 1265

- Target 1: Rs. 1345

- Target 2: Rs. 1385

- Holding Period: 1 week

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

2. Astral (ASTRAL)

Astral has an operating revenue of Rs. 5,042.90 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 15% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 8% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

Astral Share Price Target for Today:

- Current Market Price: Rs. 1573

- Stop Loss: Rs. 1533

- Target 1: Rs. 1612

- Target 2: Rs. 1650

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Bullish Momentum in ASTRAL and thus making this stock as one of the best swing trade stocks.

3. Century Plyboards (India) (CENTURYPLY)

Century Plyboards (India) has an operating revenue of Rs. 3,582.17 Cr. on a trailing 12-month basis. An annual revenue growth of 42% is outstanding, Pre-tax margin of 15% is great, ROE of 20% 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 200DMA and around 12% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

Century Plyboards (India) Share Price Target for Today: 

- Current Market Price: Rs. 570

- Stop Loss: Rs. 553

- Target 1: Rs. 587

- Target 2: Rs. 605

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Positive Crossover in CENTURYPLY hence making this stock as one of the best swing trade stocks.

4. Avanti Feeds (AVANTIFEED)

Avanti Feeds has an operating revenue of Rs. 5,326.22 Cr. on a trailing 12-month basis. An annual revenue growth of 22% is outstanding, Pre-tax margin of 7% is okay, ROE of 11% is good. 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. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Avanti Feeds Share Price Target for Today:

- Current Market Price: Rs. 374

- Stop Loss: Rs. 359

- Target 1: Rs. 390

- Target 2: Rs. 405

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Pullback Expected in this stock hence making AVANTIFEED as one of the best swing trade stocks.

5. Anupam Rasayan India (ANURAS)

Anupam Rasayan India has an operating revenue of Rs. 1,555.51 Cr. on a trailing 12-month basis. An annual revenue growth of 49% is outstanding, Pre-tax margin of 19% is great, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 15%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 25% and 49% from 50DMA and 200DMA. 

Anupam Rasayan India Share Price Target for Today: 

- Current Market Price: Rs. 1167

- Stop Loss: Rs. 1130

- Target 1: Rs. 1205

- Target 2: Rs. 1240

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Bullish Trend in this stock hence making this ANURAS one of the best swing trade stocks.