Swing Trading Stocks: Week of 26 Sept 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. Kotak Mahindra Bank FUT (KOTAKBANK)

Kotak Mahindra Bank(Nse) has an operating revenue of Rs. 57,970.94 Cr. on a trailing 12-month basis. An annual revenue growth of 4% is not great, Pre-tax margin of 27% is great, ROE of 12% is good. The stock from a technical standpoint is trading close to its key moving averages, around 1% and 4% from 50DMA and 200DMA.

Kotak Mahindra Bank Share Price Target for Today:

- Current Market Price: Rs.1860

- Stop Loss: Rs.1900

- Target 1: Rs.1820

- Target 2: Rs.1780

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see support breakdown in this stock hence making Kotak Mahindra Bank, as one of the best swing trade stocks.

2. Tata Power Company FUT (TATAPOWER)

Tata Power has an operating revenue of Rs. 47,178.80 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 7% is fair but needs improvement. The company has a high debt to equity of 146%, which can be a reason to worry. The stock from a technical standpoint is trading close to its key moving averages, around -0% and -0% from 50DMA and 200DMA. 
 

Tata Power Company Share Price Target for Today:

- Current Market Price: Rs.226

- Stop Loss: Rs.233

- Target 1: Rs.219

- Target 2: Rs.212

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see expecting downside in Tata Power Company and thus making this stock as one of the best swing trade stocks.

3. Exide Industries FUT (EXIDEIND)

Exide Industries (Nse) has an operating revenue of Rs. 15,614.23 Cr. on a trailing 12-month basis. An annual revenue de-growth of -16% needs improvement, Pre-tax margin of 8% is okay, ROE of 41% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 0% and 2% from 50DMA and 200DMA.

Exide Industries Share Price Target for Today: 

- Current Market Price: Rs.160

- Stop Loss: Rs.165

- Target 1: Rs.155

- Target 2: Rs.150

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bearish moment in Exide Industries hence making this stock as one of the best swing trade stocks.

4. Sterling And Wilson Renewable Energy (SWSOLAR)

Sterling And Wilson Renewable Energy has an operating revenue of Rs. 5,211.24 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of -18% needs improvement, ROE of -99% 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 around 11% up from its 50DMA.

Sterling And Wilson Renewable Energy Share Price Target for Today:

- Current Market Price: Rs.337

- Stop Loss: Rs.320

- Target 1: Rs.355

- Target 2: Rs.370

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see volume spurt expected in this stock hence making Sterling And Wilson Renewable Energy as one of the best swing trade stocks.

5. Texmaco Rail & Engineering (TEXRAIL)

Texmaco Rail & Engineering has an operating revenue of Rs. 1,589.60 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 2% needs improvement, ROE of 1% is fair but 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 14% above 200DMA. 

Texmaco Rail & Engineering Share Price Target for Today: 

- Current Market Price: Rs.48.35

- Stop Loss: Rs.45.9

- Target 1: Rs.51

- Target 2: Rs.53.2

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see expecting recovery in this stock hence making this Texmaco Rail & Engineering one of the best swing trade stocks.