Swing Trading Stocks: Week of 28 Nov 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. Ashok Leyland (ASHOKLEY)

Ashok Leyland has an operating revenue of Rs. 33,409.72 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of -1% needs improvement, ROE of -4% is poor and needs improvement. The company has a high debt to equity of 209%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 50DMA and around 5% up from its 200DMA.

Ashok Leyland Share Price Target for Today:

- Current Market Price: Rs. 149

- Stop Loss: Rs. 143

- Target 1: Rs. 155

- Target 2: Rs. 160

- Holding Period: 1 week

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

2. PERSISTENT SYSTEMS (PERSISTENT)

Persistent Systems has an operating revenue of Rs. 7,056.32 Cr. on a trailing 12-month basis. An annual revenue growth of 36% is outstanding, Pre-tax margin of 16% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 8%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 9% above its 50DMA. 

Persistent Systems Share Price Target for Today:

- Current Market Price: Rs. 3970

- Stop Loss: Rs. 3850

- Target 1: Rs. 4090

- Target 2: Rs. 4210

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see bullish breakout in PERSISTENT and thus making this stock as one of the best swing trade stocks.

3. MPHASIS(MPHASIS)

Mphasis (Nse) has an operating revenue of Rs. 13,332.44 Cr. on a trailing 12-month basis. An annual revenue growth of 23% 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 trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

Mphasis Share Price Target for Today: 

- Current Market Price: Rs. 1990

- Stop Loss: Rs. 1890

- Target 1: Rs. 2100

- Target 2: Rs. 2190

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see recovery on card in MPHASIS hence making this stock as one of the best swing trade stocks.

4. INFOSYS (INFY)

Infosys has an operating revenue of Rs. 135,151.00 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 25% is great, ROE of 29% 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 trading close to its 200DMA and around 9% above its 50DMA.

Infosys Share Price Target for Today:

- Current Market Price: Rs.  1635

- Stop Loss: Rs. 1570

- Target 1: Rs. 1700

- Target 2: Rs. 1765

- Holding Period: 1 week

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

5. 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 6% and 17% from 50DMA and 200DMA.

Axis Bank Share Price Target for Today: 

- Current Market Price: Rs. 890

- Stop Loss: Rs. 855

- Target 1: Rs. 925

- Target 2: Rs. 962

- Holding Period: 1 week

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