Swing Trading Stocks | 5paisa (2024)

Swing Trading Stocks | 5paisa (1)

Swing Trading Stocks for the Week

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STOCK

ACTION

CMP

SL

TARGET 1

TARGET 2

INTELLECT

BUY

996

947

1045

1080

AAVAS

BUY

1876

1800

1953

1998

SUMICHEM

BUY

538

511

565

585

zomato

BUY

260

247

273

283

UTIAMC

BUY

1295

1230

1360

1400

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.Intellect Design Arena(INTELLECT)

Intellect Design is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 1678.94 Cr. and Equity Capital is Rs. 68.41 Cr. for the Year ended 31/03/2024. Intellect Design Arena Ltd. is a Public Limited Listed company incorporated on 18/04/2011 and has its registered office in the State of Tamil Nadu, India.

Intellect Design Arena Share PriceTarget for this week:

•Current Market Price: ₹996

•Stop Loss: ₹947

•Target 1: ₹1045

•Target 2: ₹1080

•Holding Period: 1week

5paisa Recommendation:Our technical experts expects PULLBACK MOVEin this stock hence making Intellect Design Arena,as one of the best swing trade stocks.

2. Aavas Financiers (AAVAS)

Aavas Financiers is involved in the business activities of Financial Leasing. Company’s Total Operating Revenue is Rs. 2017.50 Cr. and Equity Capital is Rs. 79.14 Cr. for the Year ended 31/03/2024. Aavas Financiers Ltd. is a Public Limited Listed company incorporated on 23/02/2011 and has its registered office in the State of Rajasthan, India.

Aavas Financiers Share Price Target for this week:

•Current Market Price: ₹1876

•Stop Loss: ₹1800

•Target 1: ₹1953

•Target 2: ₹1998

•Holding Period: 1 week

5paisa Recommendation: Our technical experts expects RISING VOLUME inAavas Financiers hence making this stock as one of the best swing trade stocks.

3. Sumitomo Chemical India (SUMICHEM)

Sumitomo Chemical is involved in the business activities of Manufacture of pesticides and other agrochemical products. Company’s Total Operating Revenue is Rs. 2832.54 Cr. and Equity Capital is Rs. 499.15 Cr. for the Year ended 31/03/2024. Sumitomo Chemical India Ltd. is a Public Limited Listed company incorporated on 15/02/2000 and has its registered office in the State of Maharashtra, India.

Sumitomo Chemical IndiaShare Price Target for this week:

•Current Market Price: ₹538

•Stop Loss: ₹511

•Target 1: ₹565

•Target 2: ₹585

•Holding Period: 1 week

5paisa Recommendation:Our technical experts expects VOLUME SPURTin this stock hence making Sumitomo Chemical India one of the best swing trade stocks.

4.ZOMATO (ZOMATO)

Zomato is involved in the business activities of Other information service activities. Company’s Total Operating Revenue is Rs. 6622.00 Cr. and Equity Capital is Rs. 868.00 Cr. for the Year ended 31/03/2024. Zomato Ltd. is a Public Limited Listed company incorporated on 18/01/2010 and has its registered office in the State of Delhi, India.

ZOMATOShare Price Target for this week:

•Current Market Price: ₹260

•Stop Loss: ₹247

•Target 1: ₹273

•Target 2: ₹283

•Holding Period: 1 week

5paisa Recommendation: Our technical experts expects CONTINUATION OF UPTRENDin this stock hence making this ZOMATO one of the best swing trade stocks.

5.UTI Asset Management (UTIAMC)

Uti Amc is involved in the business activities of Fund management activities. Company’s Total Operating Revenue is Rs. 1337.31 Cr. and Equity Capital is Rs. 127.26 Cr. for the Year ended 31/03/2024. UTI Asset Management Company Ltd. is a Public Limited Listed company incorporated on 14/11/2002 and has its registered office in the State of Maharashtra, India.

UTI Asset Management Share Price Target for this week:

•Current Market Price: ₹1295

•Stop Loss: ₹1230

•Target 1: ₹1360

•Target 2: ₹1400

•Holding Period: 1 week

5paisa Recommendation: Our technical experts expects BULLISH MOMENTUMin this stock hence making this UTI Asset Management one of the best swing trade stocks.

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Swing Trading Stocks | 5paisa (2024)

FAQs

Is swing trading really profitable? ›

The Swing Trading strategy can lead to profits in the short term, usually in the range of 10% to 30%. However, as most things investing usually are, it is a risky bet. About 90% of traders report losses during trading.

What is the downside of swing trading? ›

Disadvantages of Swing Trading Strategies

Limited flexibility to exit trades due to trading hours and overnight market changes is a significant drawback. Missing Long Term Opportunities: Swing trading, focused on short term price swings, may lead to missing out on lucrative long term investment opportunities.

Should a beginner do swing trading? ›

Beginners can use swing trading strategies that are relatively simple and adapt to changing market conditions. The provided reference suggests that swing trading is fantastic for beginners, as it allows them to gain experience and learn to navigate the markets while potentially making profits.

How long should you hold a swing trade? ›

Swing trades can last as little as 15-30 minutes in the market or as long as a few days or weeks. The timeframe of a swing trade ultimately depends on how long you expect the trend to go in your direction.

Can you live off swing trading? ›

This trading style is positioned between day trading and long-term investment and demands a strategic approach and a solid understanding of market trends. But, yes – you can absolutely get started swing trading for a living. You just need to set yourself up for success with VectorVest.

Why is swing trading so hard? ›

So, when entering a swing trade, you often must determine why you're buying or selling at a specific price, why a certain level of loss might signal an invalid trade, why price might reach a specific target, and why you think price might reach your target within a specific period of time.

How much do swing traders make per month? ›

The average salary for a Swing trader is ₹1,00,000 in New Delhi, India.

Why do most swing traders fail? ›

The main reason 90% of swing traders don't make a profit from their efforts is that they don't take it seriously enough. They open an account, read a few articles, and try and dive right in. Learning swing trading is an ongoing process that should never stop.

What is the most successful swing trading strategy? ›

One of the most popular ways to swing trade is by following trends. This means buying stocks that are going up and selling them when you've made a decent profit or when they start going down. To spot an upward trend you can use tools like moving averages, Relative Strength Index.

Why is swing trading risky? ›

Higher Risk: Swing trading involves holding positions for a longer duration, exposing you to potential losses for a more extended period. Time Commitment: Swing trading requires more time commitment compared to long-term investing, necessitating active monitoring of positions and market conditions.

How much capital is required for swing trading? ›

Capital requirements

There is no thumb rule for minimum capital required for day trading or swing trading. One can start with Rs. 5000, or 50,000 or 5,00,000 depending on your budget.

How long does it take to learn swing trading? ›

Conclusion. The mindset of instant gratification will not work in the stock market. You will need to be patient and be ready to work hard. For learning swing trading, it takes at least 6 months and for intraday trading, at least a year.

What is the best pair for swing trading? ›

EUR/USD: Known for its liquidity and consistent trends. GBP/USD: Offers good volatility and potential for significant price movements. USD/JPY: Generally less volatile than other majors, providing opportunities for trend-following strategies.

What chart do swing traders use? ›

There are two types of charts you can use when swing trading: candlestick charts and bar charts.

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