Disclaimer: Neither I nor my team are officially registered with SEBI as analysts. However, the insights we’re about to share are a result of our diligent analysis and collective expertise, aimed at enriching your knowledge about the market. While we strive to provide valuable information, it’s important to note that our views should complement rather than replace professional financial advice. So, before making any investment decisions, we highly recommend consulting with a certified financial advisor and conducting your own research. Your financial journey is a collaborative effort, and having all the right pieces in place ensures a successful outcome. Happy exploring!
Welcome back, savvy traders! As we move into the fourth week of May 2024, we have an exciting array of stock recommendations designed for short-term swing trading. Let’s explore these picks and gear up for a successful week ahead!
Market Overview
This week brings a host of economic events and sector updates that could influence market movements. Staying informed and agile is crucial. Always remember, effective risk management is the key to trading success—setting stop-loss orders will safeguard your investments.
Top Stock Picks for This Week
These stock recommendations are based on technical indicators that suggest a potential 6% growth in the short term. However, stop-loss orders and diligent risk management are critical to ensure a balanced and secure trading approach.
| STOCK | PRICE AT WHICH WE BUY | STOP LOSS |
| ATGL | 1002.8 | 905.1 |
| DECCANCE | 622.15 | 590.85 |
| DHUNINV | 1251.05 | 1203 |
| GMRINFRA | 88.25 | 83.85 |
| GODREJIND | 855.05 | 780.25 |
| GRANULES | 435.55 | 401.95 |
| LT | 3659.05 | 3433.95 |
| MARKSANS | 171.3 | 161.1 |
| NDRAUTO | 923.05 | 809.95 |
| NIACL | 242.05 | 229.7 |
| NLCINDIA | 245.05 | 231.95 |
| POWERMECH | 5242.9 | 4663.5 |
| PSB | 61.7 | 59.95 |
| RHL | 170 | 157 |
| SWANENERGY | 632 | 591 |
| TATACONSUM | 1123.4 | 1081.35 |
| TCS | 3905.05 | 3810 |
| VLEGOV | 62.05 | 57.95 |
Conclusion
Short-term swing trading presents numerous opportunities. By maintaining discipline and managing risks effectively, you can capitalize on market movements. Keep following our updates for more insightful stock recommendations. Happy trading!