Swing Trading Stocks: Week of 6 Feb 2023

Swing Trading Stocks for the Week

Check our web-stories for weekly stocks to buy 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. Jamna Auto Industries (JAMNAAUTO)

Jamna Auto Inds. has an operating revenue of Rs. 2,171.08 Cr. on a trailing 12-month basis. An annual revenue growth of 58% is outstanding, Pre-tax margin of 11% is healthy, 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 key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

Jamna Auto Industries Share Price Target for Today:

- Current Market Price: Rs. 108

- Stop Loss: Rs. 105

- Target 1: Rs. 112

- Target 2: Rs. 114

- Holding Period: 1 week

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

2. Mahindra & Mahindra (M&M)

Mahindra & Mahindra has an operating revenue of Rs. 107,811.62 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 8% is okay, ROE of 13% is good. The company has a high debt to equity of 103%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 14% from 50DMA and 200DMA. 

Mahindra & Mahindra Share Price Target for Today:

- Current Market Price: Rs. 1388

- Stop Loss: Rs. 1344

- Target 1: Rs. 1432

- Target 2: Rs. 1480

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects uptrend continues in M&M and thus making this stock as one of the best swing trade stocks.

3. Can Fin Homes (CANFINHOME)

Canfin Homes has an operating revenue of Rs. 2,539.21 Cr. on a trailing 12-month basis. An annual revenue de-growth of -1% needs improvement, Pre-tax margin of 32% is great, ROE of 15% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 7% from 50DMA and 200DMA. 

Can Fin Homes Share Price Target for Today: 

- Current Market Price: Rs. 578

- Stop Loss: Rs. 549

- Target 1: Rs. 607

- Target 2: Rs. 627

- Holding Period: 1 week

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

4. Ccl Products India (CCL)

Ccl Products (India) has an operating revenue of Rs. 1,927.36 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 18% is great, ROE of 16% is good. The company has a reasonable debt to equity of 9%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 23% from 50DMA and 200DMA. 

Ccl Products India Share Price Target for Today:

- Current Market Price: Rs. 569

- Stop Loss: Rs. 548

- Target 1: Rs. 590

- Target 2: Rs. 608

- Holding Period: 1 week

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

5. Karnataka Bank (KTKBANK)

Karnataka Bank (Nse) has an operating revenue of Rs. 7,390.25 Cr. on a trailing 12-month basis. An annual revenue de-growth of -7% needs improvement, Pre-tax margin of 10% is healthy, ROE of 7% is fair but needs improvement. The stock from a technical standpoint is trading below to its 50DMA and around 43% up from its 200DMA.

Karnataka Bank Share Price Target for Today: 

- Current Market Price: Rs. 152

- Stop Loss: Rs. 146

- Target 1: Rs. 158

- Target 2: Rs. 163

- Holding Period: 1 week

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