Swing Trading Stocks: Week of 9 October 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. DLF (DLF)

DLF (NSE) has an operating revenue of Rs. 5,676.43 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 26% is great, ROE of 5% is fair but needs improvement. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 20% above 200DMA

DLF Share Price Target for this week:

• Current Market Price: Rs. 548

• Stop Loss: Rs. 530

• Target 1: Rs. 566

• Target 2: Rs. 585

• Holding Period: 1 week

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

2. Radico Khaitan (RADICO)

Radico Khaitan (Nse) has an operating revenue of Rs. 3,339.31 Cr. on a trailing 12-month basis. An annual revenue growth of 10% is good, Pre-tax margin of 9% is okay, ROE of 9% is fair but needs improvement. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA.

Radico Khaitan Share Price Target for this week: 

• Current Market Price: Rs. 1220

• Stop Loss: Rs. 1183

• Target 1: Rs. 1257

• Target 2: Rs. 1295

• Holding Period: 1 week

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

3. Mahindra Holidays & Resorts India (MHRIL)

Mahindra Holidays & Resorts has an operating revenue of Rs. 2,526.45 Cr. on a trailing 12-month basis. An annual revenue growth of 20% is outstanding, Pre-tax margin of 7% is okay, ROE of -21% is poor and needs improvement. NULL The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 32% from 50DMA and 200DMA. 

Mahindra Holidays & Resorts India Share Price Target for this week: 

• Current Market Price: Rs. 434

• Stop Loss: Rs. 416

• Target 1: Rs. 452

• Target 2: Rs. 470

• Holding Period: 1 week

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

4. Poonawalla Fincorp (POONAWALLA)

Poonawalla Fincorp has an operating revenue of Rs. 2,595.25 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 39% is great, ROE of 9% is fair but needs improvement. The stock from a technical standpoint is trading below to its 50DMA and around 12% up from its 200DMA.

Poonawalla Fincorp Share Price Target forthis week: 

• Current Market Price: Rs. 389

• Stop Loss: Rs. 373

• Target 1: Rs. 405

• Target 2: Rs. 420

• Holding Period: 1 week

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

5. Bajaj Finserv (BAJAJFINSV)

Bajaj Finserv has an operating revenue of Rs. 89,462.96 Cr. on a trailing 12-month basis. An annual revenue growth of 20% is outstanding, Pre-tax margin of 20% is great, ROE of 13% is good. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 5% above 200DMA. 

Bajaj Finserv Share Price Target for this week: 

• Current Market Price: Rs. 1635

• Stop Loss: Rs. 1586

• Target 1: Rs. 1685

• Target 2: Rs. 1735

• Holding Period: 1 week

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