Swing Trading Stocks: Week of 27 Mar 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. Aurobindo Pharma (AUROPHARMA)

Aurobindo Pharma has an operating revenue of Rs. 24,191.79 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 15% is great, ROE of 10% is good. 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 7% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

Aurobindo Pharma Share Price Target for Today:

- Current Market Price: Rs. 500

- Stop Loss: Rs. 480

- Target 1: Rs. 520

- Target 2: Rs. 540

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects resistance breakout in this stock hence making AUROPHARMA, as one of the best swing trade stocks.

2. The Ramco Cements (RAMCOCEM)

The Ramco Cements has an operating revenue of Rs. 7,298.12 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 13% is healthy, ROE of 13% is good. The company has a reasonable debt to equity of 43%, 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 5% above 200DMA.

The Ramco Cements Share Price Target for Today:

- Current Market Price: Rs. 745

- Stop Loss: Rs. 715

- Target 1: Rs. 775

- Target 2: Rs. 805

- Holding Period: 1 week

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

3. Kotak Mahindra Bank (KOTAKBANK)

Kotak Mahindra Bank(Nse) has an operating revenue of Rs. 64,447.61 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. 

Kotak Mahindra Bank Share Price Target for Today: 

- Current Market Price: Rs. 1692

- Stop Loss: Rs. 1649

- Target 1: Rs. 1740

- Target 2: Rs. 1780

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in KOTAKBANK hence making this stock as one of the best swing trade stocks.

4. Zydus Wellness (ZYDUSWELL)

Zydus Wellness has an operating revenue of Rs. 2,181.59 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 15% is great, ROE of 6% is fair but 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. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.

Zydus Wellness Share Price Target for Today:

- Current Market Price: Rs. 1524

- Stop Loss: Rs. 1478

- Target 1: Rs. 1570

- Target 2: Rs. 1615

- Holding Period: 1 week

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

5. Go Fashion (India) (GOCOLORS)

Go Fashion (India) has an operating revenue of Rs. 623.94 Cr. on a trailing 12-month basis. An annual revenue growth of 50% is outstanding, Pre-tax margin of 12% is healthy, ROE of 8% 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 key moving averages. It needs to take out these levels and stay above it to make any meaningful move. 

Go Fashion (India) Share Price Target for Today: 

- Current Market Price: Rs. 951

- Stop Loss: Rs. 913

- Target 1: Rs. 990

- Target 2: Rs. 1030

- Holding Period: 1 week

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