Swing Trading Stocks: Week of 20 Feb 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. CEAT (CEAT)

Ceat has an operating revenue of Rs. 11,032.05 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 1% needs improvement, ROE of 2% is fair but needs improvement. The company has a debt to equity of 53%, which is bit higher. The stock from a technical standpoint is trading below to its 50DMA and around 6% up from its 200DMA. 

CEAT Share Price Target for Today:

- Current Market Price: Rs. 1518

- Stop Loss: Rs. 1488

- Target 1: Rs. 1548

- Target 2: Rs. 1578

- Holding Period: 1 week

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

2. Surya Roshni (SURYAROSNI)

Surya Roshni (Nse) has an operating revenue of Rs. 8,146.76 Cr. on a trailing 12-month basis. An annual revenue growth of 39% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 13% 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 13% and 41% from 50DMA and 200DMA.

Surya Roshni Share Price Target for Today:

- Current Market Price: Rs. 695

- Stop Loss: Rs. 660

- Target 1: Rs. 730

- Target 2: Rs. 765

- Holding Period: 1 week

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

3. Atul Auto (ATULAUTO)

Atul Auto has an operating revenue of Rs. 457.69 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of -10% needs improvement, ROE of -9% is poor and needs improvement. The company has a reasonable debt to equity of 43%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 19% and 58% from 50DMA and 200DMA. 

Atul Auto Share Price Target for Today: 

- Current Market Price: Rs. 386

- Stop Loss: Rs. 366

- Target 1: Rs. 406

- Target 2: Rs. 425

- Holding Period: 1 week

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

4. Larsen & Toubro (LT)

Larsen & Toubro has an operating revenue of Rs. 177,856.20 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 9% is okay, ROE of 10% is good. The company has a debt to equity of 75%, which is bit higher. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA.

Larsen & Toubro Share Price Target for Today:

- Current Market Price: Rs. 2227

- Stop Loss: Rs. 2158

- Target 1: Rs. 2295

- Target 2: Rs. 2360

- Holding Period: 1 week

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

5. UltraTech Cement (ULTRACEMCO)

Ultratech Cement has an operating revenue of Rs. 60,344.88 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 16% is great, ROE of 14% is good. The company has a reasonable debt to equity of 11%, 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 10% above 200DMA.

UltraTech Cement Share Price Target for Today: 

- Current Market Price: Rs. 7298

- Stop Loss: Rs. 7152

- Target 1: Rs. 7445

- Target 2: Rs. 7590

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on Verge of breakout in this stock hence making this ULTRACEMCO one of the best swing trade stocks.