Swing Trading Stocks: Week of 16-May-2022

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. Cipla Ltd (CIPLA)

Cipla is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.13091.79 Cr. and Equity Capital is Rs.161.36 Cr. for the Year ended 31/03/2022. Cipla Ltd. is a Public Limited Listed company incorporated on 17/08/1935 and has its registered office in the State of Maharashtra, India.

CIPLA Share Price Target:

- Current Market Price: Rs.935

- Stop Loss: Rs.910

- Target 1: Rs.960

- Target 2: Rs.982

- Holding Period: 10 Days

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

2. Tata Elxsi Ltd (TATAELXSI)

Tata Elxsi belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs.2470.80 Cr. and Equity Capital is Rs.62.28 Cr. for the Year ended 31/03/2022. Tata Elxsi Ltd. is a Public Limited Listed company incorporated on 30/03/1989 and has its registered office in the State of Karnataka, India.

TATAELXSI Share Price Target: 

- Current Market Price: Rs.7,887

- Stop Loss: Rs.7,700

- Target 1: Rs.8,075

- Target 2: Rs.8,300

- Holding Period: 10 Days

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

3. Aditya Birla Fashion (ABFRL)

Aditya Birla Fashion is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs.5181.14 Cr. and Equity Capital is Rs.915.05 Cr. for the Year ended 31/03/2021. Aditya Birla Fashion and Retail Ltd. is a Public Limited Listed company incorporated on 19/04/2007 and has its registered office in the State of Maharashtra, India. 

ABFRL Share Price Target: 

- Current Market Price: Rs.264

- Stop Loss: Rs.258

- Target 1: Rs.270

- Target 2: Rs.276

- Holding Period: 10 Days

5paisa Recommendation: Sideways move to end in this stock hence it is recommended to add this stock in your list of best swing trade stocks.

4. Sun Pharmaceuticals (SUNPHARMA)

Sun Pharmaceuticals is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs.12803.21 Cr. and Equity Capital is Rs.239.93 Cr. for the Year ended 31/03/2021. Sun Pharmaceutical Industries Ltd. is a Public Limited Listed company incorporated on 01/03/1993 and has its registered office in the State of Gujarat, India. 

SUNPHARMA Share Price Target: 

- Current Market Price: Rs.883

- Stop Loss: Rs.861

- Target 1: Rs.906

- Target 2: Rs.925

- Holding Period: 10 Days

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

5. Bharat Forge (BHARATFORG)

Bharat Forge is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs.3651.51 Cr. and Equity Capital is Rs.93.13 Cr. for the Year ended 31/03/2021. Bharat Forge Ltd. is a Public Limited Listed company incorporated on 19/06/1961 and has its registered office in the State of Maharashtra, India.

BHARATFORG Share Price Target: 

- Current Market Price: Rs.629

- Stop Loss: Rs.612

- Target 1: Rs.646

- Target 2: Rs.662

- Holding Period: 10 Days

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