Swing Trading Stocks: Week of 7 August 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. Jubilant Foodworks (JUBLFOOD)

Jubilant Foodworks has an operating revenue of Rs. 5,237.69 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 10% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 9%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 1% and -0% from 50DMA and 200DMA. 

Jubilant Foodworks Share Price Target for Today:

- Current Market Price: Rs. 517

- Stop Loss: Rs. 499

- Target 1: Rs. 535

- Target 2: Rs. 553

- Holding Period: 1 week

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

2. Cipla (CIPLA)

Cipla has an operating revenue of Rs. 23,706.82 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 18% is great, ROE of 11% 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 13% and 14% from 50DMA and 200DMA.

Cipla Share Price Target for Today: 

- Current Market Price: Rs. 1210

- Stop Loss: Rs. 1173

- Target 1: Rs. 1247

- Target 2: Rs. 1283

- Holding Period: 1 week

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

3. Cyient (CYIENT)

Cyient Ltd (Nse) has an operating revenue of Rs. 6,452.30 Cr. on a trailing 12-month basis. An annual revenue growth of 31% is outstanding, Pre-tax margin of 11% is healthy, ROE of 14% is good. The company has a reasonable debt to equity of 14%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 42% above 200DMA.

Cyient Share Price Target for Today: 

- Current Market Price: Rs. 1562

- Stop Loss: Rs. 1499

- Target 1: Rs. 1625

- Target 2: Rs. 1687

- Holding Period: 1 week

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

4. Raymond (RAYMOND)

Raymond (Nse) has an operating revenue of Rs. 8,214.72 Cr. on a trailing 12-month basis. An annual revenue growth of 31% is outstanding, Pre-tax margin of 9% is okay, ROE of 18% is exceptional. The company has a reasonable debt to equity of 34%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 28% from 50DMA and 200DMA.

Raymond Share Price Target for Today: 

- Current Market Price: Rs. 1907

- Stop Loss: Rs. 1830

- Target 1: Rs. 1985

- Target 2: Rs. 2060

- Holding Period: 1 week

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

5. Reliance (RELIANCE)

Reliance Industries has an operating revenue of Rs. 867,723.00 Cr. on a trailing 12-month basis. An annual revenue growth of 25% is outstanding, Pre-tax margin of 11% is healthy, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 22%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA.

Reliance Share Price  Target for Today: 

- Current Market Price: Rs. 2510

- Stop Loss: Rs. 2453

- Target 1: Rs. 2585

- Target 2: Rs. 2660

- Holding Period: 1 week

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