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

Things turned pretty nasty as the template of ‘buying the dips’, which was seen working until last week

It was an interesting day of trading today! The week started with a massive gap-down amid global concern; however, within no time, it recovered entire losses and at one point in the day, the index was trading in the green. However, in the second half of the trading session, volatility raised its ugly head and things turned pretty nasty as the template of ‘buying the dips’, which was seen working until last week, did not work on Monday as the index witnessed one of its sharpest falls.   

Despite this, there were certain stocks that flashed in the T20 breakout system. Keep a close eye on these stocks as they have weathered the storm of such a nasty fall and thereby, can offer good momentum.  

Here is the list of stocks:  

GMR Infrastructure: The stock made a fresh 52-week high on Monday. It did trim some of its gains but ended up by over 7 per cent along with good volume action. Hence, keep a watch on this stock.   

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC): 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.     

Indian Hotels: The stock made a high of Rs 169.55; as a result, it recorded a fresh 52-week high on Monday. Furthermore, the stock also met the criteria of the T20 breakout system.   

Tata Elxsi: The stock logged a fresh record high on Monday and after witnessing a sharp upmove in the first hour of the trade, it was seen consolidating in a range. Besides, in the dying hours of the trade, the action was again witnessed in the stock.