Swing Trading Stocks: Week of 24 Oct 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. D-Link (India) (DLINKINDIA)

D-Link (India) has an operating revenue of Rs. 1,051.28 Cr. on a trailing 12-month basis. An annual revenue growth of 26% is outstanding, Pre-tax margin of 6% 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 comfortably placed above its key moving averages, around 14% and 34% from 50DMA and 200DMA.

D-Link (India) Share Price Target for Today:

- Current Market Price: Rs.203

- Stop Loss: Rs.191

- Target 1: Rs.215

- Target 2: Rs.226

- Holding Period: 1 week

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

2. Eih (EIHOTEL)

Eih has an operating revenue of Rs. 1,290.71 Cr. on a trailing 12-month basis. An annual revenue growth of 88% is outstanding, Pre-tax margin of -5% needs improvement, ROE of -3% is poor and needs improvement. The company has a reasonable debt to equity of 5%, 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 23% above 200DMA.
 

Eih Share Price Target for Today:

- Current Market Price: Rs.190

- Stop Loss: Rs.180

- Target 1: Rs.200

- Target 2: Rs.212

- Holding Period: 1 week

5paisa Recommendation: Our technical experts on verge of breakout in EIHOTEL and thus making this stock as one of the best swing trade stocks.

3. Axis Bank (AXISBANK)

Axis Bank has an operating revenue of Rs. 93,037.14 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 22% is great, ROE of 11% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 13% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 4% away from the crucial pivot point.

Axis Bank Share Price Target for Today: 

- Current Market Price: Rs.900

- Stop Loss: Rs.840

- Target 1: Rs.960

- Target 2: Rs.1020

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish trend in AXISBANK hence making this stock as one of the best swing trade stocks.

4. Delta Corp (DELTACORP)

Delta Corp has an operating revenue of Rs. 985.78 Cr. on a trailing 12-month basis. An annual revenue growth of 44% is outstanding, Pre-tax margin of 16% is great, ROE of 3% 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 200DMA and close to its 50DMA.
 

Delta Corp Share Price Target for Today:

- Current Market Price: Rs.221

- Stop Loss: Rs.207

- Target 1: Rs.235

- Target 2: Rs.250

- Holding Period: 1 week

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

5. Metropolis Healthcare (METROPOLIS)

Metropolis Healthcare has an operating revenue of Rs. 1,181.43 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 24% is great, ROE of 24% is exceptional. The company has a reasonable debt to equity of 18%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and around 5% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Metropolis Healthcare Share Price Target for Today: 

- Current Market Price: Rs.1590

- Stop Loss: Rs.1523

- Target 1: Rs.1667

- Target 2: Rs.1740

- Holding Period: 1 week

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