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

Friday, the thirteenth (August 13) turned out to be a ‘fantastic Friday’ as the key benchmark indices logged a fresh all-time high and gained more than a per cent. Sensex closed within a striking distance of 55,500 mark while Nifty closed above the 16,500 mark.   

Among the sectoral indices, Nifty IT and Nifty FMCG emerged as the top gainers. On the flip side, Nifty Media and Nifty Realty lost the most.   

The broader market indices ended with losses as Nifty Midcap 100 and Smallcap 100 lost 0.30 per cent and 0.39 per cent, respectively.   

Going ahead, we expect the stock-specific action to continue in the market. Hence, we have selected a list of stocks that meets the criteria of the T20 breakout system.   

So, here is the list of stocks:  

Redington: The stock had opened with a gap on Friday and after a gap-up opening, it retraced back. It took support around the low of the first hour of the candle while in the second half of the trading session, buying momentum was witnessed along with volumes. Hence, it’s a good stock to keep an eye on!   

Tata Consumer Products: The stock had witnessed one of the strongest bullish candles in recent times. Moreover, it managed to close at record highs level as well as near its day’s high.   

Tata Consultancy Services (TCS): The stock was a top contributor today to Nifty 50 index as it contributed as much as 28 points to Nifty’s gain. It has witnessed a flat base breakout, backed by strong volumes. Hence, the stock demands attention!