Swing Trading Stocks: Week of 31 Oct 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. Rama Steel Tubes (RAMASTEEL)

Rama Steel Tubes has an operating revenue of Rs. 869.90 Cr. on a trailing 12-month basis. An annual revenue growth of 63% is outstanding, Pre-tax margin of 5% is okay, ROE of 21% is exceptional. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 19% and 62% from 50DMA and 200DMA. 

Rama Steel Tubes Share Price Target for Today:

- Current Market Price: Rs.146

- Stop Loss: Rs.140

- Target 1: Rs.152

- Target 2: Rs.158

- Holding Period: 1 week

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

2. Ashok Leyland (ASHOKLEY)

Ashok Leyland has an operating revenue of Rs. 29,372.11 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 7% up from its 200DMA.

Ashok Leyland Share Price Target for Today:

- Current Market Price: Rs.149

- Stop Loss: Rs.142

- Target 1: Rs.157

- Target 2: Rs.165

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expecting pullback in ASHOKLEY and thus making this stock as one of the best swing trade stocks.

3. Syngene International (SYNGENE)

Syngene International has an operating revenue of Rs. 2,812.10 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 19% is great, ROE of 12% is good. The company has a reasonable debt to equity of 16%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 3% and 3% from 50DMA and 200DMA. 

Syngene International Share Price Target for Today: 

- Current Market Price: Rs.614

- Stop Loss: Rs.590

- Target 1: Rs.640

- Target 2: Rs.665

- Holding Period: 1 week

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

4. Kec International (DELTACORP)

Kec International has an operating revenue of Rs. 14,520.34 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 3% needs improvement, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 11%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. 
 

Kec International Share Price Target for Today:

- Current Market Price: Rs.221

- Stop Loss: Rs.207

- Target 1: Rs.235

- Target 2: Rs.250

- Holding Period: 1 week

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

5. Coal India (COALINDIA)

Coal India (Nse) has an operating revenue of Rs. 119,523.52 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 22% is great, ROE of 40% 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 comfortably placed above its key moving averages, around 5% and 23% from 50DMA and 200DMA. 

Coal India Share Price Target for Today: 

- Current Market Price: Rs.244

- Stop Loss: Rs.235

- Target 1: Rs.253

- Target 2: Rs.262

- Holding Period: 1 week

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