Swing Trading Stocks: Week of 6 Mar 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. Pvr (PVR)

Pvr has an operating revenue of Rs. 3,145.95 Cr. on a trailing 12-month basis. An annual revenue growth of 121% is outstanding, Pre-tax margin of -51% needs improvement, ROE of -35% is poor and needs improvement. The company has a debt to equity of 75%, which is bit higher. The stock from a technical standpoint is trading below to its key moving averages. 

PVR Share Price Target for Today:

- Current Market Price: Rs. 1554

- Stop Loss: Rs. 1508

- Target 1: Rs. 1600

- Target 2: Rs. 1648

- Holding Period: 1 week

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

2. Itc (ITC)

ITC has an operating revenue of Rs. 72,555.99 Cr. on a trailing 12-month basis. An annual revenue growth of 20% is outstanding, Pre-tax margin of 34% is great, ROE of 24% 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 comfortably placed above its key moving averages, around 5% and 15% from 50DMA and 200DMA.

Itc Share Price Target for Today:

- Current Market Price: Rs. 385

- Stop Loss: Rs. 373

- Target 1: Rs. 397

- Target 2: Rs. 408

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects volume spurt in ITC and thus making this stock as one of the best swing trade stocks.

3. Titan Company (TITAN)

Titan Company has an operating revenue of Rs. 38,011.00 Cr. on a trailing 12-month basis. An annual revenue growth of 33% is outstanding, Pre-tax margin of 10% is healthy, 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 key moving averages.

Titan Company Share Price Target for Today: 

- Current Market Price: Rs. 2396

- Stop Loss: Rs. 2325

- Target 1: Rs. 2468

- Target 2: Rs. 2540

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects reversed from support in TITAN hence making this stock as one of the best swing trade stocks.

4. Finolex Cables (FINCABLES)

Finolex Cables has an operating revenue of Rs. 4,443.64 Cr. on a trailing 12-month basis. An annual revenue growth of 35% is outstanding, 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 21% and 45% from 50DMA and 200DMA.

Finolex Cables Share Price Target for Today:

- Current Market Price: Rs. 775

- Stop Loss: Rs. 736

- Target 1: Rs. 814

- Target 2: Rs. 853

- Holding Period: 1 week

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

5. Power Finance Corporation (PFC)

Power Finance has an operating revenue of Rs. 76,360.62 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 31% is great, ROE of 19% is exceptional. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 22% above 200DMA. 

Power Finance Corporation Share Price Target for Today: 

- Current Market Price: Rs. 155

- Stop Loss: Rs. 148

- Target 1: Rs. 161

- Target 2: Rs. 168

- Holding Period: 1 week

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