Best Swing Trade Stocks 2024

At the beginning of every month, we 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 technical analysis. The average holding period could be between 4-6 months on average. We believe if you wait for the target then the return will be outstanding, so going here and there will not help you to make consistent money in the market. We just provide our analysis and finds best and technically suitable stocks for you but before investing take your financial advisory from your finance advisor. Here are the Best Swing Trade Stocks of September 2024:

HDFC Bank: HDFC Bank is one of India’s largest private sector banks, known for its consistent financial performance and robust asset quality, making it a favorite among investors. The bank’s stock has historically delivered strong returns, driven by its dominant market position in retail banking and conservative risk management practices. In recent quarters, HDFC Bank has reported steady growth in net interest income, supported by an expanding loan book and stable net interest margins. Lets see what are the targets and stoploss for the swing trade.

Infosys: Infosys is a leading global IT services company based in India, recognized for its innovation in digital services and consulting, making it a key player in the technology sector. The stock has been a strong performer, benefiting from the increasing global demand for IT services, particularly in areas like cloud computing, AI, and digital transformation. Infosys consistently reports solid revenue growth, driven by its expanding client base and strategic investments in emerging technologies. The company maintains a robust balance sheet with healthy profit margins, making it a reliable option for long-term investors looking for stability and growth in the tech sector.

Hindustan Unilever Limited (HUL): HUL is a leading FMCG company in India, known for its diverse portfolio of well-established brands in categories like personal care, home care, and food & beverages. The stock has been a strong performer due to the company’s consistent revenue growth, supported by its dominant market presence and deep penetration across urban and rural markets.

Asian Paints: Asian Paints is India’s largest paint manufacturer and a leader in the decorative paints segment, known for its strong brand presence and extensive distribution network. The stock has been a consistent performer, reflecting the company’s ability to maintain high market share and profit margins even in competitive markets. Asian Paints has demonstrated steady revenue growth, driven by its innovative product offerings and expansion into new markets, including home improvement and decor.

Rossari Biotech: Rossari Biotech is a prominent specialty chemicals manufacturer in India, known for its innovative solutions in home and personal care, performance chemicals, and animal health and nutrition. The company’s stock has shown strong performance due to its robust growth in revenue and profitability, supported by strategic acquisitions and expanding market reach. Rossari Biotech benefits from a diversified product portfolio and a focus on sustainability, which enhances its appeal to both domestic and international clients. The stock has been a solid choice for investors looking for exposure to the fast-growing specialty chemicals sector, with potential for long-term capital appreciation.

Investment Disclosure: The views expressed in this blog post are for informational purposes only and should not be considered financial advice. The author may hold positions in some of the stocks mentioned. Readers should conduct their own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results. Investments in the stock market involve risk, including the potential loss of principal.

To know more about ‘Best Platform to Invest in US Stock Market from India’ Click here. Also if you are interested in Mutual fund investment then Click here.