T20 breakout stocks: Best swing trading stocks to keep an eye on!
Finally, the bulls ended its four-day winning streak as the frontline indices ended the final trading session of the week with modest losses. Nifty was down by 0.35 per cent while Sensex lost 0.39 per cent.
Talking about the sectoral performance, Nifty IT and Nifty Auto were the top gainers while on the flip side, Nifty Media & Nifty Realty were the top losers.
After a decent run-up seen in the last four trading sessions, the bulls are taking a breather. Hence, stock selection is going to be crucial, going forward. To help you out with stock selection for swing trading, we have chalked down a list of stocks, based on T20 breakout system.
So, here is the list of stocks which looks promising for swing trading based on T20 breakout system:
Adani Enterprises: The stock witnessed buying interest from the word go and it formed a sequence of higher highs & higher lows in the lower timeframe. Furthermore, bulk of the volume was witnessed post the afternoon session. The stock closed near its day’s high.
Narayana Hrudayalaya (NH): The stock had witnessed more than 50 per cent of the volume in the first half of the trading session and thereafter, moved in a range. Hence, watch out for this stock.
Piramal Enterprises: Technically, the stock broke the five-week flat base with an above-average volume. Its relative price strength has improved to 60 and is above the prior swing, which shows that the trend is picking up.
Tata Chemicals: The stock is on the verge of witnessing a stage-2 consolidation breakout. Keep a close eye on this stock.