Swing Trading Stocks: Week of 24 July 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. Maruti Suzuki India (MARUTI)

Maruti Suzuki India has an operating revenue of Rs. 117,571.30 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 9% is okay, ROE of 13% 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 trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA. 

Maruti Suzuki India Share Price Target for Today:

- Current Market Price: Rs. 9770

- Stop Loss: Rs. 9575

- Target 1: Rs. 9965

- Target 2: Rs. 10150

- Holding Period: 1 week

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

2. General Insurance Corporation of India (GICRE)

General Insurance Corp Of India has an operating revenue of Rs. 45,455.27 Cr. on a trailing 12-month basis. An annual revenue de-growth of -11% needs improvement, Pre-tax margin of 18% is great, ROE of 19% is exceptional. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 18% above 200DMA.

General Insurance Corporation of India Share Price Target for Today: 

- Current Market Price: Rs. 194

- Stop Loss: Rs. 186

- Target 1: Rs. 202

- Target 2: Rs. 210

- Holding Period: 1 week

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

3. Ashok Leyland (ASHOK LEY)

Ashok Leyland has an operating revenue of Rs. 40,425.22 Cr. on a trailing 12-month basis. An annual revenue growth of 59% is outstanding, Pre-tax margin of 5% is okay, ROE of 14% is good. The company has a high debt to equity of 228%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 10% and 18% from 50DMA and 200DMA.

Ashok Leyland Share Price Target for Today: 

- Current Market Price: Rs. 182

- Stop Loss: Rs. 175

- Target 1: Rs. 190

- Target 2: Rs. 196

- Holding Period: 1 week

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

4. Au Small Finance Bank (AUBANK)

Au Small Finance Bank has an operating revenue of Rs. 9,239.87 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 20% is great, ROE of 13% is good. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA.

Au Small Finance Bank Share Price Target for Today: 

- Current Market Price: Rs. 767

- Stop Loss: Rs. 747

- Target 1: Rs. 788

- Target 2: Rs. 805

- Holding Period: 1 week

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

5. Tata Steel (TATASTEEL)

Tata Steel has an operating revenue of Rs. 243,352.69 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 7% is okay, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 50%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 7% from 50DMA and 200DMA.

Tata Steel Share Price  Target for Today: 

- Current Market Price: Rs. 117

- Stop Loss: Rs. 114

- Target 1: Rs. 120

- Target 2: Rs. 124

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see positive crossover in this stock hence making this TATASTEEL one of the best swing trade stocks.