Each week, our analysts meticulously survey the markets to curate a selection of the top five swing trade stocks. These selections are derived from a broader pool of stocks, meticulously evaluated through a fusion of both fundamental and technical analyses. Our performance is consistently tracked and our insights are amplified during special market junctures. Typically, these trades span a holding duration of approximately 7 to 10 days.
Weekly Swing Trade Stock Picks
- Rallis India (RALLIS)
Rallis India has achieved a trailing 12-month operating revenue of Rs. 2,886.19 Cr. An annual revenue surge of 13% is commendable, though there’s room for enhancement in the pre-tax margin of 4%. While the ROE stands at 5%, there is potential for augmentation. The company boasts a debt-free status and a robust balance sheet, equipping it to sustain steady earnings expansion over various business cycles. From a technical stance, the stock hovers in proximity to its 200DMA, situated about 8% above the 50DMA. Sustained positioning above the 200DMA threshold is pivotal for any substantial future movement.
Rallis India Stock Price Projections for Today:
- Current Market Price: Rs. 223
- Protective Stop: Rs. 214
- Initial Target: Rs. 232
- Subsequent Target: Rs. 240
- Holding Period: 1 week
5paisa Analysis: Our technical experts anticipate an imminent breakthrough in this stock, underscoring RALLIS as a prime candidate for optimal swing trading.
- Bharat Forge (BHARATFORG)
Bharat Forge has accomplished a trailing 12-month operating revenue of Rs. 13,936.06 Cr. The exceptional annual revenue upswing of 23% is remarkable, while the pre-tax margin stands at 7%. With an ROE of 7%, there’s potential for improvement. The company showcases a reasonably balanced debt-to-equity ratio of 26%, reflecting a robust balance sheet. From a technical vantage point, the stock holds comfortably above its essential moving averages, positioned approximately 13% and 15% beyond the 50DMA and 200DMA, respectively.
Bharat Forge Stock Price Targets for Today:
- Current Market Price: Rs. 971
- Protective Stop: Rs. 942
- Initial Target: Rs. 1000
- Subsequent Target: Rs. 1030
- Holding Period: 1 week
5paisa Insight: Our technical experts predict a bullish surge for BHARATFORG, positioning it as a top-tier candidate for effective swing trading.
- PNB Housing Finance (PNBHOUSING)
PNB Housing Finance boasts a trailing 12-month operating revenue of Rs. 6,824.26 Cr. A 5% annual revenue growth, while not exceptional, is respectable. The pre-tax margin is an impressive 21%, accompanied by an ROE of 9% with potential for enhancement. On the technical front, the stock confidently maintains its position above critical moving averages, residing around 6% above the 50DMA and 34% beyond the 200DMA.
PNB Housing Finance Stock Price Targets for Today:
- Current Market Price: Rs. 660
- Protective Stop: Rs. 640
- Initial Target: Rs. 680
- Subsequent Target: Rs. 700
- Holding Period: 1 week
5paisa Observation: Our technical experts anticipate a surge in trading volume for this stock, underscoring PNBHOUSING’s status as an exemplary pick for swing trading.
- Hindustan Copper (HINDCOPPER)
Hindustan Copper (NSE) has achieved a trailing 12-month operating revenue of Rs. 1,675.33 Cr. The imperative requirement for improvement lies in the annual revenue’s -5% contraction, while the pre-tax margin stands strong at 24%. An ROE of 14% signifies a positive state of affairs. The company’s commendable debt-to-equity ratio of 1% is indicative of a robust balance sheet. From a technical stance, the stock maintains a comfortable positioning above its vital moving averages, situated around 24% above the 50DMA and 35% beyond the 200DMA.
Hindustan Copper Stock Price Targets for Today:
- Current Market Price: Rs. 159
- Protective Stop: Rs. 154
- Initial Target: Rs. 164
- Subsequent Target: Rs. 169
- Holding Period: 1 week
5paisa Evaluation: Our technical experts identify an upsurge in trading volume for this stock, positioning HINDCOPPER as an outstanding choice for swing trading.
- Jindal Steel & Power (JINDALSTEL)
Jindal Steel & Power (NSE) has garnered a trailing 12-month operating revenue of Rs. 52,711.18 Cr. Despite a modest annual revenue growth of 3%, there’s potential for improvement. The pre-tax margin is at 9%, with an ROE of 8% that could be elevated. The company’s debt-to-equity ratio of 19% indicates a healthy balance sheet. From a technical perspective, the stock securely maintains its position above vital moving averages, residing approximately 13% above the 50DMA and 19% beyond the 200DMA.
Jindal Steel & Power Stock Price Targets for Today:
- Current Market Price: Rs. 698
- Protective Stop: Rs. 670
- Initial Target: Rs. 726
- Subsequent Target: Rs. 755
- Holding Period: 1 week