Swing Trading Stocks: Week of 21 Nov 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. NMDC(NMDC)

Nmdc has an operating revenue of Rs. 20,671.53 Cr. on a trailing 12-month basis. An annual revenue growth of 69% is outstanding, Pre-tax margin of 50% is great, ROE of 26% is exceptional. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 10% and 11% from 50DMA and 200DMA.

NMDC Share Price Target for Today:

- Current Market Price: Rs. 111

- Stop Loss: Rs. 104

- Target 1: Rs. 118

- Target 2: Rs. 125

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Volume Spurt in this stock hence making NMDC, as one of the best swing trade stocks.

2. RALLIS INDIA (RALLIS)

Rallis India has an operating revenue of Rs. 2,949.58 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 9% is okay, 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 key moving averages, around 1% and 1% from 50DMA and 200DMA. 

Rallis India Share Price Target for Today:

- Current Market Price: Rs. 232

- Stop Loss: Rs. 222

- Target 1: Rs. 242

- Target 2: Rs. 252

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see On Verge Of Breakout in RALLIS and thus making this stock as one of the best swing trade stocks.

3. GO FASHION (INDIA) (GOCOLORS)

Go Fashion (India) has an operating revenue of Rs. 589.19 Cr. on a trailing 12-month basis. An annual revenue growth of 50% is outstanding, Pre-tax margin of 12% is healthy, ROE of 8% 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 below to its 50DMA and close to its 200DMA.

Go Fashion (India) share Price Target for Today: 

- Current Market Price: Rs. 1177

- Stop Loss: Rs. 1121

- Target 1: Rs. 1227

- Target 2: Rs. 1280

- Holding Period: 1 week

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

4. BALRAMPUR CHINI MILLS(BALRAMCHIN)

Balrampur Chini Mls(Nse) has an operating revenue of Rs. 4,684.94 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 12% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Balrampur Chini Mills Share Price Target for Today:

- Current Market Price: Rs. 351

- Stop Loss: Rs. 337

- Target 1: Rs. 365

- Target 2: Rs. 380

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see On Verge Of Breakout in this stock hence making BALRAMCHIN as one of the best swing trade stocks.

5. MACROTECH DEVELOPERS(LODHA)

Macrotech Developers has an operating revenue of Rs. 9,945.18 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 19% is great, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Macrotech Developers Share Price Target for Today: 

- Current Market Price: Rs. 1034

- Stop Loss: Rs. 983

- Target 1: Rs. 1085

- Target 2: Rs. 1138

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Breakout Expected in this stock hence making this LODHA one of the best swing trade stocks.