Best stocks for Swing Trading this week

Are you struggling to find the best stocks for swing trading this week? With our phenomenal research, we have selected two stocks that can be the best stocks for swing trading this week. Those stocks are VIP INDUSTRIES and SIS LTD.

VIP Industries can show an upside move of 35% and SIS Ltd. can rise up to 30% in the near future.

In this article, we will help you to analyze these stocks by doing the fundamental and technical analysis , So that you can understand why these are the best stocks for swing trading this week.

Note – The information is for education purposes only. We are not a SEBI-registered advisory. Please consult your financial advisor before trading or investing money in the stock market.

Introduction – 

Before we move ahead with the analysis of these stocks let’s first simply understand swing trading, As we see swing trading is a combination of two words, “Swing” and “Trading.” to simplify it I would say, just the way swing shows movement going upward and downward similarly stocks also show movement. Taking advantage of this we start collecting stock at its buying zone and we sell it when the target is achieved.

Using some Swing Trading Strategies here below we have done some research just for you to understand why we think these stocks will turn out to be the Best stocks for swing trading this week.

1)VIP Industries:-

VIP Industries has been known for the business of manufacturing and marketing luggage bags and their accessories since 1971. Their head office is in Mumbai. They are the world’s second-largest and Asia’s largest luggage maker.

Below are the key factors because when think about the best stocks for swing trading this week, VIP INDUSTRY’s name comes to mind.

KEY POINTS –

Market Leadership

VIP Industries Limited is a manufacturer and supplier of luggage bags, backpacks, and handbags and the second-largest company in the world.  It is No.1 In the organized luggage space. Because of this reason, we can surely rely on the fact that this company will never go anywhere. It’s the safest company to invest in for the longer run as far as its stock is concerned.

Brands

The company has various brands under them including VIP, Skybags, Carlton, Caprese, and Aristocrat. This proves that over a period the company has expanded and created various successful brands mentioned above.

New Launches

In the financial year 2023, there were 23 new launches they made in the premium segment, including backpacks. This gives us an idea that the brand is changing with time and adding novelty now and then to stay relevant with time. also, the company is expanding its horizon phenomenally.

Revenue by Brands

Let’s understand the revenue generated by its various sub-brands

Manufacturing Capabilities

The company operates through 10 of its Own Manufacturing Facilities in India and Bangladesh. Their in-house manufacturing contributes to 70% of total revenue, compared to 42% more than the Financial year 2020.

Geographic Footprint

The company has a growing global footprint. The company supplies its products in 45+ countries. This means the company is continuously working on its expansion. 

Future Outlook

As we see the company’s future perspectives, It Plans to achieve approximately 800 exclusive brand outlets (EBOs) by the end of the Financial year 2024. Moving forward, their focus will be on expanding store presence in Tier-II cities and beyond. It has penetration across almost 1200 towns in the country right now.

Fundamentals of the company: –

As you read above the fundaments of the company which looks very good. After analyzing it thoroughly We surely think this is the best stock for swing trading this week.

Technical Analysis: –

As you can see from the below chart, The Stock of the company is showing trading levels according to Range bound Swing Trading Strategy.

This stock has been trading in a range for the last 2 years. It’s taking the same resistance and the same support again and again.  Hence forming a range.. According to us, it can show an upside move of 35% from the current price in the coming days. It can go up to the target of 718 from the current price.

2. SIS Ltd

Security & Intelligence Services (India) aka SIS LTD. This company is directly and indirectly engaged in rendering security and related services consisting of manned guarding, and training, and indirectly engaged in paramedic and emergency response services; loss prevention, asset protection, and mobile patrols; facility management services consisting of cleaning, housekeeping, and pest control management services.

KEY POINTS –

Market Leadership

SIS is one of the leading security solution-providing companies in India and the Asia Pacific regions. The company offers services to Governments, business organizations, and end consumers.

Facility Management

This Company offers services like deep cleaning, disinfection, and hygiene management solutions to customers across India with special expertise in the fields of Pharma, Hospitality, and healthcare.

Cash Logistics

This company is a joint venture with PROSEGUR, A global leader in the cash logistics business and SIS holds a 49% stake in the venture. They provide secured cash in transit, including transportation of banknotes and other valuables, doorstep banking as well as cash processing,

Revenue by Services-

Let’s understand their revenue 

Security India – 1 – 4%

Facility Management – 2 – 3%

Cash logistics – 2- 14%

PAN India Presence

SIS has its presence across 29 states with a total of 332 Branch offices, 20 Regional Offices, and 20 Training centres across India.

Geographic Footprint

SIS has its presence in three nations namely, Australia, New Zealand, and Singapore. SIS is the No.1 Security solutions providing company in Australia and they are among the top three in Singapore and Australia.

Future Growth

SIS announced its vision for 2025 with two major goals.

 1) Converting its market leadership into higher market share

 2) Achieving 20% of the group EBITA (Earnings Before Interest, Taxes, Depreciation, and Amortization)in 2025 through tech-based solutions.

Fundamentals of the company –

Compounded Sales Growth (10 years) – 16%

The company is almost debt-free.

Promoters Holding – 71.58% which is good.

Institutions Shareholding Holding – 20% which is good.

As you can see from the above, the company’s foundation looks good. We firmly believe that after careful analysis, this is the best stock for swing trading this week.

Technical Analysis: –

According to our technical analysis stock is making an RHS (Reverse head & shoulder) pattern on the chart. As you can see in the image below.

According to our analysis stock can show an upside move of 30% from the current price in the coming days. It can go up to the target of 639 shortly.

Conclusion

To conclude in short we believe that the best stocks for swing trading this week are both VIP INDUSTRIES and SIS LTD. They look strong fundamentally and technically. These companies are very good at whatever business they do. They are the leader in their business game. Each stock has a unique opportunity for traders to gain profit investing from short to medium-term. Keep an eye on these picks, and do your own research on these stocks before making any decision.

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