Swing Trading Stocks: Week of 3 Apr 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. India Cements (INDIACEM)

India Cements (NSE) has an operating revenue of Rs. 5,540.03 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 2% needs improvement, ROE of 1% is fair but needs improvement. The company has a reasonable debt to equity of 35%, which signals a healthy balance sheet. 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. 

India Cements Share Price Target for Today:

- Current Market Price: Rs. 185

- Stop Loss: Rs. 177

- Target 1: Rs. 193

- Target 2: Rs. 200

- Holding Period: 1 week

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

2. Bharat Wire Ropes (BHARATWIRE)

Bharat Wire Ropes has an operating revenue of Rs. 561.19 Cr. on a trailing 12-month basis. An annual revenue growth of 64% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 3% is fair but needs improvement. The company has a reasonable debt to equity of 46%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 32% and 41% from 50DMA and 200DMA. 

Bharat Wire Ropes Share Price Target for Today:

- Current Market Price: Rs. 155

- Stop Loss: Rs. 147

- Target 1: Rs. 163

- Target 2: Rs. 172

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish momentum in BHARATWIRE and thus making this stock as one of the best swing trade stocks.

3. Reliance (RELIANCE)

Reliance Industries has an operating revenue of Rs. 888,455.00 Cr. on a trailing 12-month basis. An annual revenue growth of 48% is outstanding, Pre-tax margin of 12% is healthy, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 24%, which signals a healthy balance sheet. 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. 

Reliance Share Price Target for Today: 

- Current Market Price: Rs. 2331

- Stop Loss: Rs. 2249

- Target 1: Rs. 2413

- Target 2: Rs. 2495

- Holding Period: 1 week

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

4. Macrotech Developers (LODHA)

Macrotech Developers has an operating revenue of Rs. 9,659.54 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 19% is great, ROE of 9% is fair but needs improvement. 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.

Macrotech Developers Share Price Target for Today:

- Current Market Price: Rs. 930

- Stop Loss: Rs. 883

- Target 1: Rs. 977

- Target 2: Rs. 1025

- Holding Period: 1 week

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

5. Tata Consultancy Services (TCS)

Tata Consultancy Svs. has an operating revenue of Rs. 216,887.00 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 27% is great, ROE of 42% 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. 

Tata Consultancy Services Share Price Target for Today: 

- Current Market Price: Rs. 3205

- Stop Loss: Rs. 3125

- Target 1: Rs. 3285

- Target 2: Rs. 3365

- Holding Period: 1 week

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