Swing Trading Stocks: Week of 24 Apr 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. Lupin (LUPIN)

Lupin (Nse) has an operating revenue of Rs. 16,094.61 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of -8% needs improvement, ROE of -12% is poor and needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. 

Lupin Share Price Target for Today:

- Current Market Price: Rs. 695

- Stop Loss: Rs. 667

- Target 1: Rs. 723

- Target 2: Rs. 750

- Holding Period: 1 week

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

2. Cyient India (CYIENT)

Cyient Ltd (Nse) has an operating revenue of Rs. 6,015.90 Cr. on a trailing 12-month basis. An annual revenue growth of 9% is good, Pre-tax margin of 15% is great, ROE of 16% is good. 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 12% and 28% from 50DMA and 200DMA. 

Cyient Share Price Target for Today:

- Current Market Price: Rs. 1160

- Stop Loss: Rs. 1125

- Target 1: Rs. 1195

- Target 2: Rs. 1230

- Holding Period: 1 week

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

3. Bandhan Bank (BANDHANBNK)

Bandhan Bank has an operating revenue of Rs. 18,311.83 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 1% needs improvement, ROE of 0% is poor and 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.

Bandhan Bank Share Price Target for Today: 

- Current Market Price: Rs. 220

- Stop Loss: Rs. 213

- Target 1: Rs. 227

- Target 2: Rs. 234

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Positive Crossover in BANDHANBNK hence making this stock as one of the best swing trade stocks.

4. Delhivery (DELHIVERY)

Delhivery has an operating revenue of Rs. 7,437.43 Cr. on a trailing 12-month basis. An annual revenue growth of 83% is outstanding, Pre-tax margin of -15% needs improvement, ROE of -16% is poor and needs improvement. The company has a reasonable debt to equity of 2%, 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.

Delhivery Share Price Target for Today:

- Current Market Price: Rs. 358

- Stop Loss: Rs. 343

- Target 1: Rs. 373

- Target 2: Rs. 387

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Range Breakout in this stock hence making DELHIVERY as one of the best swing trade stocks.

5. Britannia Industries (BRITANNIA)

Britannia Inds. has an operating revenue of Rs. 15,827.82 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 15% is great, ROE of 59% is exceptional. The company has a reasonable debt to equity of 28%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.

Britannia Industries Share Price Target for Today: 

- Current Market Price: Rs. 4328

- Stop Loss: Rs. 4241

- Target 1: Rs. 4415

- Target 2: Rs. 4500

- Holding Period: 1 week

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