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

Indian benchmark indices started off the week on a buoyant note but trimmed their opening gains despite the fact that Nifty ended the session up by 0.31 per cent.   

The broader markets were seen outperforming the frontline gauge with Nifty Midcap 100 and Nifty Smallcap 100 soaring over 0.41 per cent & 1 per cent, respectively. The advance-decline ratio was marginally skewed in favour of declines.   

Given the fact that the broader markets are outperforming, we anticipate this momentum might continue in the coming days. Hence, we present some of the best stocks for swing trading based on the T20 breakout system and keep these stocks on your watch list.   

IndiaMART InterMESH: The stock maintained its rhythm of higher highs & higher lows and closed at the upper circuit limit of the day. The volume action was upbeat throughout the day. Hence, keep a watch on this stock.   

Jyothy Labs: The stock witnessed a good trending move on Monday along with a spike in the volume and that’s why appeared in the T20 breakout system.   

National Aluminium Company: The stock was seen buzzing on the bourses today. During the day, it also crossed its round-number resistance of Rs 100 and went on to touch a high of Rs 102.30. Thereafter, the stock trimmed its gains but yet, settled with gains of over 6 per cent.   

Prestige Estates Projects: The stock is not a new one that has been following the T20 breakout system as in the recent days, it pops up in this list every now and then. Keep a close watch on this stock as well.   

Vakrangee: The stock witnessed a huge jump in price & volume around the afternoon session and thereafter, it was seen trading sideways. Keep a close watch!  

Welspun India: Buying interest was witnessed in textile and garment-related stocks and this is one of the stocks, which have appeared in the T20 breakout system earlier also. Hence, watch out! 

Wipro: The stock of Wipro registered a fresh high on Monday and also, witnessed a trending day. The stock has managed to close near its day’s high. Hence, watch out!