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

It was wobbly Wednesday for the Indian stock markets as Nifty touched a fresh all-time high of 17,225.75 early in the day and thereafter, witnessed profit booking. Nifty fell about 160 points from the day's high and ended near the day's low.   

The broader market indices outperformed the frontline gauge with Nifty Midcap 100 and Smallcap 100 adding nearly 0.66 per cent & 0.28 per cent, respectively.   

Among the sectoral indices, Nifty Realty emerged as the showstopper on the first trading session of September by gaining more than 5 per cent.   

Interestingly, in the T20 breakout system, a couple of stocks have also featured from the realty sector.   

So here is the list: 

City Union Bank: The stock has met the criteria of the T20 breakout system. Interestingly, it recorded more than 50 per cent of the volume in the first couple of hours.   

Delta Corp: The stock has recorded the highest single-day volume since July 6 and interestingly, it registered more than 50 per cent of the volume in the second half of the trading session. The F&O contract of stock will be available from October series. 

Havells India: The stock has met the criteria of the T20 breakout system. Interestingly, Nifty 50 index has closed near its day’s low while the stock closed near its day’s high. Hence, one should keep a close watch on this stock.  

Indian Energy Exchange: The stock rallied almost 30 per cent in the last three trading sessions and also, appeared in the T20 breakout system right at the beginning of the move.   

Oberoi Realty: The stock had opened with a gap and trended higher thereafter. It went onto touch the level of Rs 803.30. However, it pulled back a bit from the day’s high as profit booking emerged.   

PNC Infratech: The stock has met the criteria of the T20 breakout system. Interestingly, the stock witnessed the bulk of the volume in the second half of the trading session.   

Sobha Ltd: The stock has met the criteria of the T20 breakout system. Interestingly, it witnessed the bulk of its volume in the last leg of the trading session.