Swing Trading Stocks: Week of 5 June 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. Maruti Suzuki India (MARUTI)

Maruti Suzuki India has an operating revenue of Rs. 117,571.30 Cr. on a trailing 12-month basis. An annual revenue growth of 33% 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 6% and 6% from 50DMA and 200DMA.

Maruti Suzuki India Share Price Target for Today:

- Current Market Price: Rs. 9485

- Stop Loss: Rs. 9295

- Target 1: Rs. 9675

- Target 2: Rs. 9870

- Holding Period: 1 week

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

2. Mphasis (MPHASIS)

Mphasis (Nse) has an operating revenue of Rs. 13,798.50 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 16% is great, ROE of 20% 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 200DMA and around 7% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. 

Mphasis Share Price Target for Today:

- Current Market Price: Rs. 2017

- Stop Loss: Rs. 1970

- Target 1: Rs. 2065

- Target 2: Rs. 2110

- Holding Period: 1 week

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

3. IndiaMART InterMESH (INDIAMART)

Indiamart Intermesh has an operating revenue of Rs. 985.38 Cr. on a trailing 12-month basis. An annual revenue growth of 35% is outstanding, Pre-tax margin of 42% is great, 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 trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA.

IndiaMART InterMESH Share Price Target for Today: 

- Current Market Price: Rs. 5700

- Stop Loss: Rs. 5586

- Target 1: Rs. 5815

- Target 2: Rs. 5930

- Holding Period: 1 week

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

4. Godawari Power & Ispat (GPIL)

Godawari Power & Ispat has an operating revenue of Rs. 5,753.04 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 19% is great, ROE of 20% 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 6% up from its 200DMA.

Godawari Power & Ispat Share Price Target for Today:

- Current Market Price: Rs. 368

- Stop Loss: Rs. 357

- Target 1: Rs. 380

- Target 2: Rs. 390

- Holding Period: 1 week

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

5. Welspun Corp (WELCORP)

Welspun (Nse) has an operating revenue of Rs. 9,758.10 Cr. on a trailing 12-month basis. An annual revenue growth of 43% is outstanding, Pre-tax margin of 3% needs improvement, ROE of 4% is fair but needs improvement. The company has a reasonable debt to equity of 41%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 14% from 50DMA and 200DMA. 

Welspun Corp Share Price Target for Today: 

- Current Market Price: Rs. 268

- Stop Loss: Rs. 258

- Target 1: Rs. 278

- Target 2: Rs. 290

- Holding Period: 1 week

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