T20 breakout stocks: Best swing trading stocks to keep an eye on!
August F&O series turned out to be scintillating for Nifty as it advanced nearly 5.5 per cent during this particular month’s series. Nifty made an all-time high of 16,712.45 on the penultimate day of August series.
Going into September series, we expect the stock-specific action to continue in the markets. Hence, we have selected a list of stocks that meets the criteria of the T20 breakout system.
So, here is the list of stocks:
Adani Total Gas: The stock was locked at 5 per cent upper circuit limit and also, recorded the highest volume seen in the last 20 trading sessions.
Balaji Amines: The stock has recorded its highest single-day volume after May and closed at record highs. The stock witnessed a perfect trending day on Thursday. After opening with a gap, the stock moved in the same direction throughout the day and witnessed a strong close as the closing was near the day’s high.
Avenue Supermarts (DMart): The stock has recorded its highest single-day volume after July 20. Furthermore, the stock after retracing its upmove in the afternoon session, witnessed action in the latter part of the trading session.
HDFC Life Insurance: This is the second day in a row when this stock has appeared in the T20 breakout system. We would suggest to continue holding this stock with a trailing stop-loss.
Indian Energy Exchange (IEX): IEX witnessed a perfect trending day on Wednesday. After opening in green, the stock moved in the same direction throughout the day and witnessed a strong close as the closing was near the day’s high.
Sterling & Wilson Solar: The stock has recorded its highest single-day volume after June 29 and witnessed one of the strongest bullish candles in the near term. Hence, keep a close watch on this stock.