T20 breakout stocks: Best swing trading stocks to keep an eye on!

After a two-day marathon by bulls, the bears came back to haunt as the benchmark indices plunged nearly 1 per cent.   

After a two-day marathon by bulls, the bears came back to haunt as the benchmark indices plunged nearly 1 per cent.   

Among the sectoral indices, all the sectors ended in red with Nifty Metal losing the most as it plunged nearly 3 per cent.   

Going ahead, one needs to be selective in the stock selection. Hence, we have come out with a list of stocks that have witnessed the breakout based on the T20 breakout system.   

Here is the list:  

Deepak Nitrite: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it has managed to close in the top quartile of the range while the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.     

Uflex: The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day volume in a long time. Volumes were robust and it has managed to close in the top quartile of the range. Hence, keep a close watch on this stock.        

NESCO: The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day volume in almost two weeks. Volumes were robust. Hence, keep a close watch on this stock.