Swing Trading Stocks: Week of 16-Aug-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. Sun Tv Network (SUNTV)

Sun Tv Network Ltd. is involved in the business activities of Radio broadcasting. Company’s Total Operating Revenue is Rs. 3116.59 Cr. and Equity Capital is Rs. 197.04 Cr. for the Year ended 31/03/2021. Sun TV Network Ltd. is a Public Limited Listed company incorporated on 18/12/1985 and has its registered office in the State of Tamil Nadu, India.

Sun Tv Network Share Price Target for Today:

- Current Market Price: Rs.478

- Stop Loss: Rs.458

- Target 1: Rs.497

- Target 2: Rs.516

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see breakout expected in this stock hence making Sun Tv Network Ltd., as one of the best swing trade stocks.

2. Aurobindo Pharma (AUROPHARMA)

Aurobindo Pharma Ltd. is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company’s Total Operating Revenue is Rs. 15823.68 Cr. and Equity Capital is Rs. 58.59 Cr. for the Year ended 31/03/2021. Aurobindo Pharma Ltd. is a Public Limited Listed company incorporated on 26/12/1986 and has its registered office in the State of Telangana, India.

Aurobindo Pharma Share Price Target for Today:

- Current Market Price: Rs.596

- Stop Loss: Rs.572

- Target 1: Rs.620

- Target 2: Rs.644

- Holding Period: 1 week

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

3. Torrent Power (TORNTPOWER)

Torrent Power Ltd. is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 13715.74 Cr. and Equity Capital is Rs. 480.62 Cr. for the Year ended 31/03/2022. Torrent Power Ltd. is a Public Limited Listed company incorporated on 29/04/2004 and has its registered office in the State of Gujarat, India. 

Torrent Power Share Price Target for Today:

- Current Market Price: Rs.581

- Stop Loss: Rs.557

- Target 1: Rs.605

- Target 2: Rs.628

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish momentum in this stock hence making Torrent Power Ltd., as one of the best swing trade stocks.

4. United Spirits (MCDOWELL - N)

United Spirits Ltd. is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs. 9381.70 Cr. and Equity Capital is Rs. 145.30 Cr. for the Year ended 31/03/2022. United Spirits Ltd. is a Public Limited Listed company incorporated on 31/03/1999 and has its registered office in the State of Karnataka, India. 

United Spirits Share Price Target for Today: 

- Current Market Price: Rs.787

- Stop Loss: Rs.755

- Target 1: Rs.819

- Target 2: Rs.850

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see expecting recovery in this stock hence making this United Spirit Ltd. stock as one of the best swing trade stocks.

5. Avenue Supermarts (DMART)

Avenue Supermarts is involved in the business activities of Retail trade, except of motor vehicles and motorcycles. Company’s Total Operating Revenue is Rs. 30352.50 Cr. and Equity Capital is Rs. 647.77 Cr. for the Year ended 31/03/2022. Avenue Supermarts Ltd. is a Public Limited Listed company incorporated on 12/05/2000 and has its registered office in the State of Maharashtra, India.

Avenue Supermarts Share Price Target for Today: 

- Current Market Price: Rs.4330

- Stop Loss: Rs.4155

- Target 1: Rs.4505

- Target 2: Rs.4680

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Rising Volume in Avenue Supermarts on forming bearish setup in this stock hence making this stock as one of the best swing trade stocks.