Swing Trading Stocks: Week of 8 May 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 trading close to its key moving averages, around 2% and 0% from 50DMA and 200DMA.

Maruti Suzuki India Share Price Target for Today:

- Current Market Price: Rs. 8948

- Stop Loss: Rs. 8770

- Target 1: Rs. 9126

- Target 2: Rs. 9305

- Holding Period: 1 week

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

2. Apollo Hospitals Enterprise (APOLLOHOSP)

Apollo Hosps.Enterprise has an operating revenue of Rs. 15,856.68 Cr. on a trailing 12-month basis. An annual revenue growth of 39% is outstanding, Pre-tax margin of 11% is healthy, ROE of 18% is exceptional. The company has a reasonable debt to equity of 43%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 3% and 3% from 50DMA and 200DMA. 

Apollo Hospitals Enterprise Share Price Target for Today:

- Current Market Price: Rs. 4603

- Stop Loss: Rs. 4488

- Target 1: Rs. 4718

- Target 2: Rs. 4835

- Holding Period: 1 week

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

3. 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 8% and 22% from 50DMA and 200DMA. 

ITC Share Price Target for Today: 

- Current Market Price: Rs. 429

- Stop Loss: Rs. 420

- Target 1: Rs. 438

- Target 2: Rs. 447

- Holding Period: 1 week

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

4. Asian Paints (ASIANPAINT)

Asian Paints has an operating revenue of Rs. 33,593.92 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 14% is healthy, 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 below to its 200DMA and around 5% up from its 50DMA. 

Asian Paints Share Price Target for Today:

- Current Market Price: Rs. 3013

- Stop Loss: Rs. 2940

- Target 1: Rs. 3085

- Target 2: Rs. 3156

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects Positive Crossover in this stock hence making ASIANPAINT as one of the best swing trade stocks.

5. Titan Company (TITAN)

Titan Company has an operating revenue of Rs. 40,575.00 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 comfortably placed above its key moving averages, around 6% and 5% from 50DMA and 200DMA.

Titan Company Share Price Target for Today: 

- Current Market Price: Rs. 2733

- Stop Loss: Rs. 2650

- Target 1: Rs. 2815

- Target 2: Rs. 2897

- Holding Period: 1 week

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