FINSITED firmly believes in delivering quality content. We consider our readers as our family members and we won’t provide any information which can lead to losses in our reader’s demat by any chance. From Now onwards via FINSITED portal, we will be giving best 3 stocks for swing trading next week, every Sunday and we will be analyzing its outcome on next Sunday and again will do the same. Analysts at FINSITED believes that real wealth can only be created with equity rather options. For future prospect, we have plans to share some stocks for long-term investing as well. Let’s do the analysis of shinning stocks for upcoming week.
Table of Contents
MARKSANS PHARMA
Marksans Pharma Ltd. is an Indian pharmaceutical company engaged in research manufacturing and marketing of finished dosage pharmaceutical formulations. With market cap of ₹4983 crores and P.E of 18 (approx) compared to Industry P.E of 32 (approx), It looks promising to invest for long term as well with targets of ₹200,₹250,₹300. Company’s earning as well as profit is increasing every quarter. It has also positive free cash flow of around ₹183 crores in last financial year. Stock has given more than 100% return in last 1 year. Daily volume is also awesome. Now let’s do analysis how can we make money from this stock in coming week.
ENTRY POINT
Last closed price of the stock is ₹110. This is the best zone for accumulation. The range is ₹(105-113). Remember, you can only make good money from swing trading, if you learn the Mantra of purchasing stock at reversals rather at All time high. Hold it and sell at All time high. MARKSANS has broken all time high of ₹(100-110) range, then retested back the same range to check the strength of support. Weekly R.S.I is at 66 tilted upside which is a bullish sign.
TARGET & STOPLOSS
- Targets will be ₹120,₹128 and ₹135.
- Every trades should have S.L whether its equity or options. There is one benefit in equity is that there is no any expiry, so you can hold for long term if you are in loss. In this trade, one should maintain SL of ₹(97-98). If it sustains below this level, it would be ideal to exit the trade because then it doesn’t make any sense to hold it as the stock will loose its strength and start to fall.
| MARKSANS PHARMA | LEVELS |
| ENTRY POINT | ₹(105-113) |
| STOPLOSS | ₹97-₹98 |
| TARGET | ₹120,₹128,₹135 |
NHPC LIMITED
NHPC Limited (erstwhile National Hydroelectric Power Corporation) is an Indian public sector hydropower company incorporated in 1975 to plan, promote and organize an integrated and efficient development of hydroelectric power. They are also expanding to include other sources of energy like Solar, Geothermal, Tidal and Wind. It has market cap of ₹53000 crore and P.E OF 13 (approx) compared to Industry P.E of 17 (approx). It is also one of the best candidate for long term investing with target of 85,99,118. Company’s revenue and profit is increasing every fiscal year. The Promoters have stake around 71% while Mutual Funds, F.I.I’s, D.I.I’s, are among the majority share holder while retail’s holding is negligible and the best part is Promoter is G.O.I. The Shareholding pattern depicts that big players are bullish in the stock for long term, while the stock has given 46% return in last 1 year. Let’s do analysis of this stock and check its trendline for next week.
ENTRY POINT
The stock closed at ₹52.80 per share on last trading day. You should take entry in the stock when it will cross ₹53.10 levels. It has consolidated for 1 year in the range of ₹(38-44), then it broke out resistance of 48 levels and retested back in monthly time frame. Now the stock is all set to make a new All time high. Monthly R.S.I is at 72 indicating bullishness. Volume has already crossed 1 billion mark in monthly candle.
TARGET & STOPLOSS
- Targets will be ₹57,₹60,₹64.
- Every trades should have a SL because market is uncertain. Here SL should be 48. If the stock starts to trade below it, one should immediately exit the trade.
SJVN LIMITED
SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian Public Sector undertaking involved in hydroelectric power generation and transmission. It was incorporated in 1988 as Nathpa Jhakri Power Corporation, a joint Venture between the Government of India and the Government of Himachal Pradesh. Read more~ https://en.wikipedia.org/wiki/SJVN. It is one of the best 3 stocks for swing trading next week. It has market cap of ₹28700 crore and P.E of 28 (approx). Company has maintained profit in almost every quarter. It has long term target of ₹108,₹126,₹149. Stock has given more than 100% return in last 1 year. Daily volume is also awesome. Let’s see its outlook for coming week.
ENTRY POINT
Stock was trading at ₹73.15 level on last trading day. One should take entry only above ₹75.18. The stock is under continuous bullish trend. It broke the level of ₹67 and again retested back the same level in weekly time frame. Weekly R.S.I is at ₹82 which is super-bullish sign. Monthly Volume has crossed 1 billion mark.
TARGET & STOPLOSS
- Targets will be ₹83,₹88 and ₹93.
- Stoploss should be ₹67.35. If the stock starts to sustain below it, one should immediately exit the trade because then trend will shift to downward.
PRO TIP
If you have ₹1000 to invest in market, then divide that money in three equal parts and invest same amount in all 3 stocks guided here, this potential strategy will diversify your investment and will provide good R.O.I as we all know that market is uncertain, we can only do analysis and prediction, but market is supreme. That’s why we should always have PLAN B.
Note
- Remember all the levels provided above are valid even market open gap up or gap down. Just follow the levels because if you want to be a profitable trader then, follow the path of level to level trading only.
- Please execute trades only after 10a.m. when markets are less volatile and calm because in first hour of opening, big players adjust there position which can lead to unexpected loss in your demat.
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HAPPY INVESTING!
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