Swing Trading Stocks: Week of 7 Nov 2022

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. EXIDE INDUSTRIES (EXIDEIND)

Exide Industries (Nse) has an operating revenue of Rs. 15,614.23 Cr. on a trailing 12-month basis. An annual revenue de-growth of -16% needs improvement, Pre-tax margin of 8% is okay, ROE of 41% is exceptional. The company has a reasonable debt to equity of 1%, 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 6% above 200DMA. 

Exide Industries Share Price Target for Today:

- Current Market Price: Rs.175

- Stop Loss: Rs.166

- Target 1: Rs.184

- Target 2: Rs.193

- Holding Period: 1 week

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

2. GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS (GNFC)

Guj.Narmada Vly.Fcm. has an operating revenue of Rs. 9,944.16 Cr. on a trailing 12-month basis. An annual revenue growth of 65% is outstanding, Pre-tax margin of 27% is great, ROE of 21% 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 close to its key moving averages, around -0% and 4% from 50DMA and 200DMA.

Gujarat Narmada Valley Fertilizers & Chemicals Share Price Target for Today:

- Current Market Price: Rs.706

- Stop Loss: Rs.678

- Target 1: Rs.734

- Target 2: Rs.763

- Holding Period: 1 week

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

3. WELSPUN CORP (WELCORP)

Welspun (Nse) has an operating revenue of Rs. 6,595.58 Cr. on a trailing 12-month basis. An annual revenue de-growth of -6% needs improvement, Pre-tax margin of 10% is healthy, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 23%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 5% up from its 200DMA. 

Welspun Corp Share Price Target for Today: 

- Current Market Price: Rs.227

- Stop Loss: Rs.217

- Target 1: Rs.237

- Target 2: Rs.248

- Holding Period: 1 week

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

4. HINDUSTAN AERONAUTICS (HAL)

Hindustan Aeronautics has an operating revenue of Rs. 26,626.65 Cr. on a trailing 12-month basis. An annual revenue growth of 11% is good, Pre-tax margin of 21% is great, ROE of 26% 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 38% from 50DMA and 200DMA.
 

Hindustan Aeronautics Share Price Target for Today:

- Current Market Price: Rs.2560

- Stop Loss: Rs.2457

- Target 1: Rs.2663

- Target 2: Rs.2765

- Holding Period: 1 week

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

5. PVR (PVR)

Pvr has an operating revenue of Rs. 2,819.41 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 close to its key moving averages, around -0% and -0% from 50DMA and 200DMA. 

PVR Share Price Target for Today: 

- Current Market Price: Rs.1830

- Stop Loss: Rs.1738

- Target 1: Rs.1922

- Target 2: Rs.2013

- Holding Period: 1 week

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