Home Share Market Best Swing Trading Stocks: Week of 5 Dec – 9 December 2022

Best Swing Trading Stocks: Week of 5 Dec – 9 December 2022

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Best Swing Trading Stocks: Week of 5 Dec - 9 December 2022

Our analysts review the markets at the start of every week and offer a list of the top five swing trade stocks. Using fundamental and technical research, stocks are selected from a larger list of equities. Our success rate is routinely updated, and during noteworthy market occurrences, we publish unique analysis. The typical holding period might range from 7 to 10 days.

Stocks for swing trading Week of 5 Dec – 9 December 2022

Swing Trading Stocks for the Week

STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

PRESTIGE

BUY

508

486

530

555

TATASTEEL

BUY

112

107

118

123

RADICO

BUY

1134

1066

1203

1270

MANAPPURAM

BUY

119

115

123

127

LODHA

BUY

1050

1008

1092

1135


PRESTIGE ESTATES PROJECTS, (PRESTIGE)

On a trailing 12-month basis, Prestige Estates Prjs. had operating revenue of Rs. 7,144.10 Cr. An yearly revenue decline of -12% requires improvement; nonetheless, the pre-tax margin of 24% and the ROE of 12% are excellent. From a technical perspective, the stock is comfortably above its important moving averages, by about 9% and 10% from the 50DMA and 200DMA, respectively.

Share Price Target for Prestige Estates Projects Today:

  • Price as of Today’s Market: Rs. 508
  • Stop Loss: 486 rupees
  • First goal: Rs. 530
  • Target 2: 555 rupees
  • One week’s holding period

Our technical analysts believe that this company has seen a bullish breakout, which qualifies PRESTIGE as one of the top swing trade stocks.

TATA STEEL (TATASTEEL)

On a trailing 12-month basis, Tata Steel had operating revenue of Rs. 253,414.20 Cr. The pre-tax margin of 20%, the ROE of 35%, and the yearly sales increase of 56% are all excellent. The firm’s 39% appropriate debt to equity ratio indicates a sound balance sheet. Technically, the stock is trading about 7% above its 50DMA and near to its 200DMA. In order to continue moving in a significant direction, it must remain above the 200DMA levels.

Today’s Price Target for Tata Steel Shares:

  • Rs. 112 Current Market Price
  • Stop Loss: 107 rupees
  • First goal: Rs. 118
  • Rs. 123 for target 2.
  • One week’s holding period

Our technical analysts believe that TATASTEEL’s rising volume qualifies this company as one of the top swing trade investments.

RADICO KHAITAN  (RADICO)

On a trailing 12-month basis, Radico Khaitan (Nse) had operational revenue of Rs. 10,476.31 Cr. 18% yearly sales growth is exceptional, 12% pre-tax margin is robust, and 12% ROE is respectable. Due to its excellent balance sheet and lack of debt, the corporation can consistently record rising profitability across economic cycles. The stock is comfortably trading above its 200DMA, about 12% above 200DMA, and near to its 50DMA from a technical perspective.

Price Target for Radico Khaitan Shares Today:

  • Price as of Today’s Market: Rs. 1134
  • Stop Loss: 1066 rupees
  • First Goal: Rs. 1203
  • Target 2: 1270 rupees
  • One week’s holding period

Our technical analysts believe that RADICO has seen a consolidation breakout, making it one of the finest swing trading stocks.

MANAPPURAM FINANCE (MANAPPURAM)

On a trailing 12-month basis, Manappuram Finance had operating revenue of Rs. 6,164.04 Cr. An yearly revenue decline of -4% requires improvement; nonetheless, the pre-tax margin of 29% and the ROE of 15% are excellent. Technically, the stock is safely above its important moving averages by about 10% and 10% from the 50DMA and 200DMA, respectively.

Price Target for Manappuram Finance Shares Today:

  • Rs. 119 is the current market price.
  • Stop Loss: 115 rupees
  • First goal: Rs. 123
  • Target 2: 127 rupees
  • One week’s holding period

Our technical analysts believe that this stock’s rising volume qualifies MANAPPURAM as one of the greatest swing trading stocks.

DEVELOPERS OF MACROTECH (LODHA)

On a trailing 12-month basis, Macrotech Developers had operating revenue of Rs. 9,945.18 Cr. Annual revenue growth of 66% is exceptional, pre-tax margin of 19% is excellent, and ROE of 9% is respectable but might be higher. Technically, the stock is trading below its 200DMA and very near its 50DMA.

Macrotech developers provide today’s price target:

  • Price as of Today’s Market: Rs. 1050
  • Stop Loss: 1008 rupees
  • First Goal: Rs. 1092
  • Target 2: 1135 rupees

– One week’s holding period

This stock, which our technical analysts believe is on the verge of breaking out, makes LODHA one of the greatest swing trade stocks.

Disclaimer

Securities trading and investment Market volatility exists, and previous success does not guarantee future success. Trading and investing in the equity and derivatives markets carries a significant risk of loss.

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