Swing Trading Stocks: Week of 30 Jan 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. Emami (EMAMILTD)

Emami has an operating revenue of Rs. 3,334.28 Cr. on a trailing 12-month basis. An annual revenue growth of 11% is good, Pre-tax margin of 22% is great, ROE of 40% 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.

Emami Share Price Target for Today:

- Current Market Price: Rs. 440

- Stop Loss: Rs. 422

- Target 1: Rs. 458

- Target 2: Rs. 475

- Holding Period: 1 week

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

2. Mangalore Refinery And Petrochemicals (MRPL)

Mangalore Refinery And Petrochemicals has an operating revenue of Rs. 113,784.39 Cr. on a trailing 12-month basis. ROE of 41% is exceptional. 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. 

Mangalore Refinery And Petrochemicals Share Price Target for Today:

- Current Market Price: Rs. 58

- Stop Loss: Rs. 55.7

- Target 1: Rs. 61

- Target 2: Rs. 63

- Holding Period: 1 week

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

3. Max Healthcare Institute (MAXHEALTH)

Max Healthcare Institute has an operating revenue of Rs. 4,116.35 Cr. on a trailing 12-month basis. An annual revenue growth of 55% is outstanding, Pre-tax margin of 19% is great, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 10%, 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 8% above 200DMA.

Max Healthcare Institute Share Price Target for Today: 

- Current Market Price: Rs. 455

- Stop Loss: Rs. 437

- Target 1: Rs. 475

- Target 2: Rs. 492

- Holding Period: 1 week

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

4. Shalimar Paints (SHALPAINTS)

Shalimar Paints has an operating revenue of Rs. 422.58 Cr. on a trailing 12-month basis. An annual revenue growth of 9% is good, Pre-tax margin of -18% needs improvement, ROE of -17% is poor and needs improvement. The company has a reasonable debt to equity of 23%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. 

Shalimar Paints Share Price Target for Today:

- Current Market Price: Rs. 149

- Stop Loss: Rs. 143

- Target 1: Rs. 155

- Target 2: Rs. 162

- Holding Period: 1 week

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

5. Pvr (PVR)

Pvr has an operating revenue of Rs. 3,145.95 Cr. on a trailing 12-month basis. An annual revenue growth of 121% is outstanding, Pre-tax margin of -51% needs improvement, ROE of -35% is poor and needs improvement. The company has a debt to equity of 75%, which is bit higher. 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.

Pvr Share Price Target for Today: 

- Current Market Price: Rs. 1740

- Stop Loss: Rs. 1688

- Target 1: Rs. 1792

- Target 2: Rs. 1845

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on Verge of breakout in this stock hence making this PVR one of the best swing trade stocks.