Swing Trading Stocks: Week of 30 October 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. Housing and Urban Development Corporation (HUDCO)

Housing And Urban Development Corporation has an operating revenue of Rs. 7,143.18 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 32% is great, ROE of 11% is good. The stock from a technical standpoint is trading below to its 50DMA and around 25% up from its 200DMA. 

Housing and Urban Development Corporation Share Price Target for this week:

• Current Market Price: Rs. 76.6

• Stop Loss: Rs. 73.5

• Target 1: Rs. 80

• Target 2: Rs. 83

• Holding Period: 1 week

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

2. Mangalam Cement (MANGLMCEM)

Mangalam Cement has an operating revenue of Rs. 1,708.31 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 2% is fair but needs improvement. The company has a reasonable debt to equity of 38%, 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 21% above 200DMA.

Mangalam Cement Share Price Target for this week: 

• Current Market Price: Rs. 396

• Stop Loss: Rs. 384

• Target 1: Rs. 408

• Target 2: Rs. 418

• Holding Period: 1 week

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

3. Trent (TRENT)

Trent has an operating revenue of Rs. 9,067.24 Cr. on a trailing 12-month basis. An annual revenue growth of 82% is outstanding, Pre-tax margin of 6% is okay, ROE of 17% is exceptional. The company has a reasonable debt to equity of 19%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 26% up from its 200DMA.

Trent Share Price Target for this week: 

• Current Market Price: Rs. 2122

• Stop Loss: Rs. 2060

• Target 1: Rs. 2185

• Target 2: Rs. 2248

• Holding Period: 1 week

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

4. Shalby (SHALBY)

Shalby has an operating revenue of Rs. 838.73 Cr. on a trailing 12-month basis. An annual revenue growth of 16% is outstanding, Pre-tax margin of 13% is healthy, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 7%, 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 39% above 200DMA. 

Shalby Share Price Target for this week: 

• Current Market Price: Rs. 261

• Stop Loss: Rs. 250

• Target 1: Rs. 272

• Target 2: Rs. 285

• Holding Period: 1 week

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

5. Mazagon Dock Shipbuilders (MAZDOCK)

Mazagon Dock Shipbuilders has an operating revenue of Rs. 7,769.62 Cr. on a trailing 12-month basis. An annual revenue growth of 39% is outstanding, Pre-tax margin of 18% is great, ROE of 23% 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 50DMA and around 51% up from its 200DMA.

Mazagon Dock Shipbuilders Share Price Target for this week: 

• Current Market Price: Rs. 2056

• Stop Loss: Rs. 1995

• Target 1: Rs. 2118

• Target 2: Rs. 2180

• Holding Period: 1 week

5paisa Recommendation: Our technical experts reverse from the support in this stock hence making this MAZDOCK one of the best swing trade stocks.