Swing Trading Stocks: Week of 20 Mar 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. HCL Technologies (HCLTECH)

Eclerx Services has an operating revenue of Rs. 2,546.46 Cr. on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 26% is great, ROE of 26% 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 key moving averages, around -0% and -0% from 50DMA and 200DMA. 

HCL Technologies Share Price Target for Today:

- Current Market Price: Rs. 1108

- Stop Loss: Rs. 1074

- Target 1: Rs. 1142

- Target 2: Rs. 1175

- Holding Period: 1 week

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

2. DLF (DLF)

Route Mobile has an operating revenue of Rs. 3,186.64 Cr. on a trailing 12-month basis. An annual revenue growth of 42% is outstanding, Pre-tax margin of 10% is healthy, ROE of 9% is fair but needs improvement. 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 5% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move.

DLF Share Price Target for Today:

- Current Market Price: Rs. 375

- Stop Loss: Rs. 360

- Target 1: Rs. 390

- Target 2: Rs. 405

- Holding Period: 1 week

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

3. Coal India (COALINDIA)

Kirloskar Ferrous Inds. has an operating revenue of Rs. 5,885.76 Cr. on a trailing 12-month basis. An annual revenue growth of 78% is outstanding, Pre-tax margin of 14% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 58% from 50DMA and 200DMA.

Coal India Share Price Target for Today: 

- Current Market Price: Rs. 222

- Stop Loss: Rs. 215

- Target 1: Rs. 229

- Target 2: Rs. 237

- Holding Period: 1 week

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

4. IndiaMART InterMESH (INDIAMART)

Madras Fertilizers has an operating revenue of Rs. 3,455.93 Cr. on a trailing 12-month basis. An annual revenue growth of 52% is outstanding, Pre-tax margin of 7% is okay, ROE of -32% is poor and needs improvement. NULL The stock from a technical standpoint is trading below to its 50DMA and around 11% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.

IndiaMART InterMESH Share Price Target for Today:

- Current Market Price: Rs. 4894

- Stop Loss: Rs. 4748

- Target 1: Rs. 5040

- Target 2: Rs. 5188

- Holding Period: 1 week

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

5. Intellect Design Arena (INTELLECT)

Trent has an operating revenue of Rs. 7,388.13 Cr. on a trailing 12-month basis. An annual revenue growth of 67% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 4% is fair but needs improvement. The company has a reasonable debt to equity of 21%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 4% and 1% from 50DMA and 200DMA. 

Intellect Design Arena Share Price Target for Today: 

- Current Market Price: Rs. 415

- Stop Loss: Rs. 402

- Target 1: Rs. 428

- Target 2: Rs. 440

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects volume spurt in this stock hence making this INTELLECT one of the best swing trade stocks.