Swing Trading Stocks: Week of 18 December 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. Aarti Industries (AARTIIND)

Aarti Industries (Nse) has an operating revenue of Rs. 6,191.69 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 9% is okay, ROE of 11% is good. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 15% and 16% from 50DMA and 200DMA.

Aarti Industries Share Price Target for this week:

• Current Market Price: Rs. 591

• Stop Loss: Rs. 573

• Target 1: Rs. 609

• Target 2: Rs. 626

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUME in this stock hence making AARTIIND, as one of the best swing trade stocks.

2. Surya Roshni (SURYAROSNI)

Surya Roshni Ltd has an operating revenue of Rs. 7,963.61 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 6% is okay, 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 9% and 31% from 50DMA and 200DMA.

Surya Roshni share price Target for this week: 

• Current Market Price: Rs. 516

• Stop Loss: Rs. 495

• Target 1: Rs. 537

• Target 2: Rs. 558

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects REVERSED FROM SUPPORT in SURYAROSNI hence making this stock as one of the best swing trade stocks.

3. Indian Oil Corporation (IOC)

Indian Oil Corporation has an operating revenue of Rs. 787,384.03 Cr. on a trailing 12-month basis. An annual revenue growth of 43% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 45%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 19% and 32% from 50DMA and 200DMA.

Indian Oil Corporation Share Price Target for this week: 

• Current Market Price: Rs. 124

• Stop Loss: Rs. 118

• Target 1: Rs. 130

• Target 2: Rs. 137

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making IOC as one of the best swing trade stocks.

4. Firstsource Solutions (FSL)

Firstsource Solutions has an operating revenue of Rs. 6,130.91 Cr. on a trailing 12-month basis. An annual revenue growth of 4% is not great, Pre-tax margin of 10% is healthy, ROE of 15% is good. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 32% from 50DMA and 200DMA.

Firstsource Solutions Share Price Target for this week: 

• Current Market Price: Rs. 188

• Stop Loss: Rs. 180

• Target 1: Rs. 196

• Target 2: Rs. 205

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence making this FSL one of the best swing trade stocks.

5. Indiabulls Housing Finance (IBULHSGFIN)

Indiabulls Housing Fin has an operating revenue of Rs. 8,541.87 Cr. on a trailing 12-month basis. An annual revenue de-growth of -3% needs improvement, Pre-tax margin of 18% is great, ROE of 6% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 49% from 50DMA and 200DMA. 

Indiabulls Housing Finance Share Price Target for this week: 

• Current Market Price: Rs. 221

• Stop Loss: Rs. 212

• Target 1: Rs. 230

• Target 2: Rs. 240

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making this IBULHSGFIN one of the best swing trade stocks.