Swing Trading Stocks: Week of 4 September 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. Latent View Analytics (LATENTVIEW)

Asahi India Glass has an operating revenue of Rs. 4,185.01 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 14% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 36%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA.

Latent View Analytics Share Price Target for this week:

• Current Market Price: Rs. 455

• Stop Loss: Rs. 436

• Target 1: Rs. 474

• Target 2: Rs. 492

• Holding Period: 1 week

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

2. NTPC (NTPC)

Texmaco Rail & Engr. has an operating revenue of Rs. 2,601.40 Cr. on a trailing 12-month basis. An annual revenue growth of 38% is outstanding, Pre-tax margin of 1% needs improvement, ROE of 1% is fair but needs improvement. The company has a reasonable debt to equity of 12%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 34% and 97% from 50DMA and 200DMA. 

NTPC Share Price Target for this week: 

• Current Market Price: Rs. 230

• Stop Loss: Rs. 220

• Target 1: Rs. 240

• Target 2: Rs. 248

• Holding Period: 1 week

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

3. Jyothy Labs (JYOTHYLAB)

Jyothy Labs has an operating revenue of Rs. 2,575.92 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 12% is healthy, ROE of 15% 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 24% and 58% from 50DMA and 200DMA. 

Jyothy Labs Share Price Target for this week: 

• Current Market Price: Rs. 366

• Stop Loss: Rs. 355

• Target 1: Rs. 378

• Target 2: Rs. 390

• Holding Period: 1 week

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

4. SBILIFE (SBILIFE)

Sbi Life Insurance Co has an operating revenue of Rs. 103,724.93 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 3% needs improvement, ROE of 13% is good. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 5% above 200DMA. 

SBILIFE Share Price Target forthis week: 

• Current Market Price: Rs. 1320

• Stop Loss: Rs. 1290

• Target 1: Rs. 1350

• Target 2: Rs. 1380

• Holding Period: 1 week

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

5. Century Textiles & Industries (CENTURYTEX)

Century Text. (Nse) has an operating revenue of Rs. 4,727.08 Cr. on a trailing 12-month basis. An annual revenue growth of 16% is outstanding, Pre-tax margin of 9% is okay, ROE of 6% 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 comfortably placed above its key moving averages, around 7% and 32% from 50DMA and 200DMA.

Century Textiles & Industries Share Price  Target for this week: 

• Current Market Price: Rs. 1072

• Stop Loss: Rs. 1040

• Target 1: Rs. 1105

• Target 2: Rs. 1138

• Holding Period: 1 week

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