Top 5 Swing trading stocks for this week

Discover the top 5 swing trading stocks for this week. Stay ahead in the market with our expert analysis and insights to maximize your trading potential

1. SHYAMMETL (Shyam Metalics and Energy Ltd.) shows potential for investors.

1. Current Price: 825 target 874 Stop Loss 794

2. Recent Performance: The stock has seen a 38.16% increase over the last 52 weeks, indicating strong growth.

3. Valuation Metrics: - Trailing P/E: 25.44 suggests it is relatively valued compared to its earnings.

- Profit Margin: 6.2% indicates a healthy profit relative to revenue.

4. Technical Indicators: - Latest RSI: 39.8 suggests it may be approaching oversold territory, indicating potential for upward movement.

- Recent Price Movements: The stock has shown positive price changes in the short term, with a 0.5363% increase in the last 5 minutes.

Expected Action: Buy for long-term growth, as the fundamentals and recent performance indicate a positive outlook.

1. Company Overview: - SHYAMMETL (Shyam Metalics and Energy Ltd.) is involved in the production of metal and energy, which positions it well in the industrial sector.

2. Financial Performance:

- Market Capitalization: 229.01B indicates a strong market presence.

- Revenue: 146.04B with a quarterly revenue growth of 13.2% shows increasing sales momentum.

- Net Income: 9.09B reflects profitability, contributing to a solid financial foundation.

3. Valuation Metrics:

- Forward P/E: 14.40 suggests that the stock may be undervalued based on future earnings expectations.

- PEG Ratio:

1.30 indicates reasonable growth expectations relative to its price.

4. Technical Analysis:

- Current Price: 823.65, with a prior close of 758.15, shows a significant upward movement.

- 52-Week Range: The stock has a low of 516.15 and a high of 956.05, indicating volatility but also potential for growth.

- Moving Averages: The stock is currently below its 200-day moving average of 771.08, which could indicate a buying opportunity if it starts to trend upward.

5. Recent Price Movements:

- The stock has shown positive short-term movements, with a 2.5759% increase over the last 4 hours, suggesting bullish sentiment.

6. Investor Sentiment:

- Insider Ownership: 74.9% indicates strong confidence from insiders, which can be a positive signal for investors.

- Institutional Ownership: 10.9% suggests some institutional interest, which can provide stability.

Conclusion: The combination of strong financial performance, reasonable valuation metrics, and positive technical indicators supports a Buy recommendation for SHYAMMETL. The stock appears to be well-positioned for growth in the coming months.

2. KSB Ltd. (KSB) shows potential for swing trading. 

1. Current Price: 685.20  1st Target 715 2nd Target 748  Stop Loss 662

2. Recent Performance: The stock has a 52-week change of -18.08%, indicating it may be undervalued and could present a buying opportunity for short-term gains.

3. Technical Indicators:

- Latest RSI: 39.18 suggests the stock is approaching oversold territory, which can indicate a potential reversal.

- Recent Price Movements: - 5-Minute Change: -0.1697%

- 10-Minute Change: -0.7368%

- 30-Minute Change:

1.1555%

- These fluctuations indicate volatility, which is favorable for swing trading. 

4. Volume Analysis:

- 1-Hour Volume: 21.02 K indicates moderate trading activity, which can support price movements. 

5. Support and Resistance Levels:

- Support Level: The stock is currently near its 52-week low of 585.00, which may act as a support level.

- Resistance Level: The 52-week high of 1057.54 indicates potential resistance, providing a target for swing trades.

Expected Action: Buy for swing trading, as the stock shows signs of potential upward movement from oversold conditions and is near support levels.

3. JSW Infrastructure Ltd.

Current Price: 269 1st Target 283 2nd Target 300  Stop Loss 262

As of March 8, 2025, JSW Infrastructure Ltd. (NSE: JSWINFRA) is trading at ₹268.55.

Technical Indicators:

Moving Averages: The stock is trading below its 50-day (₹279.3) and 200-day (₹306.8) Simple Moving Averages (SMA), indicating a bearish trend.

Relative Strength Index (RSI): The 14-day RSI is at 48.1, placing it in the neutral zone.

Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, suggesting bearish momentum.

Average Directional Index (ADX): With an ADX value of 21.69, the stock is experiencing a weak trend.

Analyst Recommendations:

Analysts have set an average price target of ₹370 for JSW Infrastructure Ltd., implying a potential upside of approximately 37.78% from the current price.

Conclusion:

While technical indicators currently suggest a bearish to neutral

outlook for JSW Infrastructure Ltd., analyst projections indicate

potential for significant upside. Swing traders should consider these

mixed signals and monitor the stock's performance closely, aligning

their strategies with their individual risk tolerance and investment

objectives.

4. Jindal Stainless Limited  

Current Price: 654 1st Target 674 2nd Target 690  Stop Loss 637

As of March 8, 2025, Jindal Stainless Limited (NSE: JSL) is trading at ₹655.00.

Technical Indicators:

Moving Averages: The stock is trading below its 50-day Simple Moving Average (SMA) of ₹686.90, indicating a bearish trend.

Relative Strength Index (RSI): The RSI value is currently unavailable.

Moving Average Convergence Divergence (MACD): The MACD indicator is currently unavailable.

Analyst Recommendations:

Analysts have set an average price target of ₹848.86 for Jindal Stainless Limited, suggesting a potential upside of approximately 29.61% from the current price. The high price target is ₹955.00, while the low is ₹700.00. The consensus rating is 'Buy'.

 

Conclusion:

While the stock is exhibiting a bearish trend based on its position relative to the 50-day SMA, analyst projections indicate a potential for significant upside. Swing traders should weigh these mixed signals and consider their individual risk tolerance and investment objectives before making trading decisions.

  

5. CG Power and Industrial Solutions Ltd

Current Price: 630 1st Target 646 2nd Target 676  Stop Loss 616

As of March 8, 2025, CG Power and Industrial Solutions Ltd. (NSE: CGPOWER) is trading at ₹586.70.

 

Technical Indicators:

Moving Averages: The stock is trading below its 50-day (₹633.55) and 200-day (₹701.30) Simple Moving Averages (SMA), indicating a bearish trend.

Relative Strength Index (RSI): The 14-day RSI is at 41.17, suggesting neutral momentum.

Moving Average Convergence Divergence (MACD): The MACD is at -15.42, indicating bearish momentum.

Analyst Recommendations:

Analysts have set an average price target of ₹792 for CG Power, implying a potential upside of approximately 34.99% from the current price.

Nomura has adjusted its price target to ₹900 from ₹970, maintaining a 'Buy' rating.

 

Conclusion:

While technical indicators currently suggest a bearish trend for CG Power and Industrial Solutions Ltd., analyst projections indicate potential for significant upside. Swing traders should consider these mixed signals and align their strategies with individual risk tolerance and investment objectives.

   

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.