Swing Trading Stocks: Week of 3 July 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. PI Industries (PIIND)

PI Industries has an operating revenue of Rs. 6,492.00 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 22% is great, ROE of 17% 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 10% and 18% from 50DMA and 200DMA.

PI Industries Share Price Target for Today:

- Current Market Price: Rs. 3922

- Stop Loss: Rs. 3805

- Target 1: Rs. 4040

- Target 2: Rs. 4160

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Rising Volume in this stock hence making PIIND, as one of the best swing trade stocks.

2. Escorts Kubota (ESCORTS)

Escorts Kubota has an operating revenue of Rs. 8,428.69 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 10% is healthy, ROE of 7% 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 close to its 50DMA and comfortably placed above its 200DMA, around 6% above 200DMA. 

Escorts Kubota Share Price Target for Today:

- Current Market Price: Rs. 2248

- Stop Loss: Rs. 2192

- Target 1: Rs. 2305

- Target 2: Rs. 2360

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Volume Spurt in ESCORTS and thus making this stock as one of the best swing trade stocks.

3. IndusInd Bank (INDUSINDBK)

Indusind Bank (Nse) has an operating revenue of Rs. 44,540.69 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 22% is great, ROE of 13% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 13% from 50DMA and 200DMA.

Indusind Bank Share Price Target for Today: 

- Current Market Price: Rs. 1375

- Stop Loss: Rs. 1335

- Target 1: Rs. 1415

- Target 2: Rs. 1455

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Bullish Momentum in INDUSINDBK hence making this stock as one of the best swing trade stocks.

4. Va Tech Wabag (WABAG)

Va Tech Wabag has an operating revenue of Rs. 2,960.48 Cr. on a trailing 12-month basis. An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 0% needs improvement, ROE of 0% is poor and needs improvement. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 39% from 50DMA and 200DMA.

Va Tech Wabag Share Price Target for Today:

- Current Market Price: Rs. 490

- Stop Loss: Rs. 473

- Target 1: Rs. 507

- Target 2: Rs. 524

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects On Verge Of Breakout in this stock hence making WABAG as one of the best swing trade stocks.

5. Birlasoft (BSOFT)

Birlasoft has an operating revenue of Rs. 4,794.77 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 9% is okay, ROE of 13% 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 comfortably placed above its key moving averages, around 10% and 19% from 50DMA and 200DMA. 

Birlasoft Share Price Target for Today: 

- Current Market Price: Rs. 359

- Stop Loss: Rs. 347

- Target 1: Rs. 372

- Target 2: Rs. 385

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see Positive Crossover in this stock hence making this BSOFT one of the best swing trade stocks.