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

A scintillating move was witnessed by the Indian benchmark indices as they rallied to fresh all-time high levels on Tuesday with Nifty and Sensex adding 0.31 per cent & 0.38 per cent, respectively.   

The broader market indices displayed divergent trend wherein, Nifty Midcap 100 advanced 0.33 per cent whereas Nifty Smallcap 100 declined by 0.24 per cent.   

Among the sectoral indices, Nifty IT witnessed a dream run as it gained more than 2.5 per cent on a day where the majority of the sectors were seen struggling. Overall, defensive had an upper hand as Nifty FMCG and Nifty Pharma also added 1.42 per cent & 0.57 per cent, respectively.   

Considering a top-notch performance by Nifty IT, there is no prize for guessing that there are a couple of stocks from Nifty IT appearing in the T20 breakout system. Furthermore, majority of the stocks in the list are seen from the hospital & medical services industry.   

Here is the list: 

Apollo Hospitals Enterprise: On Tuesday, we had seen this name appearing in the T20 breakout system and yet again, it has appeared in the T20 breakout system on Tuesday. The stock has gained more than 12 per cent on Tuesday and remained in action throughout the session with astonishing volumes. Those holding this stock can continue to hold with trailing stop-loss.   

Aster DM Healthcare: The stock, which belongs to the industry of hospitals & medical services seem to be catching up with the stock of Apollo Hospitals as it gained more than 20 per cent in just two trading sessions.   

Fortis Healthcare: Yet another stock that is engaged in the business activities of hospital services. The stock has witnessed a follow-up move on Tuesday.   

Infosys: On Tuesday, exceptional performance was seen from Nifty IT index. As a result, the IT bellwether was seen contributing as much as 29 points to Nifty’s kitty. Moreover, the stock has seen substantial volume in the last leg of trading.    

Tata Elxsi: The stock made a fresh record high along with a huge spurt in the volumes. It saw a good upmove in the first hour of trade and thereafter, moved in a capped range. Hence, keep a close watch on this stock; if it manages to cross its high, it can see fireworks.