Swing Trading Stocks: Week of 26 December 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. DLF (DLF)

Dlf (Nse) has an operating revenue of Rs. 5,721.77 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 26% is great, ROE of 5% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 38% from 50DMA and 200DMA.

DLF Share Price Target for this week:

• Current Market Price: Rs. 716

• Stop Loss: Rs. 694

• Target 1: Rs. 738

• Target 2: Rs. 760

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH TREND in this stock hence making DLF, as one of the best swing trade stocks.

2. MphasiS (MPHASIS)

Mphasis (Nse) has an operating revenue of Rs. 13,395.95 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 16% is great, ROE of 20% 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 comfortably placed above its key moving averages, around 13% and 23% from 50DMA and 200DMA. 

MphasiS share price Target for this week: 

• Current Market Price: Rs. 2739

• Stop Loss: Rs. 2656

• Target 1: Rs. 2822

• Target 2: Rs. 2905

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONSOLIDATION BREAKOUT in MPHASIS hence making this stock as one of the best swing trade stocks.

3. GAIL (India) (GAIL)

Gail (India) has an operating revenue of Rs. 134,865.45 Cr. on a trailing 12-month basis. An annual revenue growth of 56% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 14%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 21% from 50DMA and 200DMA.

GAIL (India) Share Price Target for this week: 

• Current Market Price: Rs. 152

• Stop Loss: Rs. 146

• Target 1: Rs. 159

• Target 2: Rs. 165

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUM in this stock hence making GAIL as one of the best swing trade stocks.

4. Wipro (WIPRO)

Wipro (Nse) has an operating revenue of Rs. 91,766.20 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 16% is great, ROE of 14% is good. The company has a reasonable debt to equity of 8%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 9% from 50DMA and 200DMA.

Wipro Share Price Target for this week: 

• Current Market Price: Rs. 463

• Stop Loss: Rs. 449

• Target 1: Rs. 477

• Target 2: Rs. 490

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence making this WIPRO one of the best swing trade stocks.

5. Star Paper Mills (STARPAPER)

Star Paper Mills has an operating revenue of Rs. 468.39 Cr. on a trailing 12-month basis. An annual revenue growth of 48% is outstanding, Pre-tax margin of 17% is great, ROE of 11% 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 18% above 200DMA.

Star Paper Mills Share Price Target for this week: 

• Current Market Price: Rs. 636

• Stop Loss: Rs. 610

• Target 1: Rs. 662

• Target 2: Rs. 687

• Holding Period: 1 week

5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVER in this stock hence making this STARPAPER one of the best swing trade stocks.