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

The market breadth of Nifty was slightly skewed towards the advances despite the fact that it ended the session in the red.

Indian benchmark indices ended Wednesday’s session with modest losses as Nifty dipped by 0.09 per cent while Sensex dropped 0.13 per cent. The market breadth of Nifty was slightly skewed towards the advances despite the fact that it ended the session in the red. India VIX ended the session on a flat note.   

Meanwhile, the performance of Midcap 100 & Smallcap 100 index was the standout point of Wednesday’s trading session as both surged 1.67 per cent and 1.44 per cent, respectively.   

The advance-decline ratio was in the favour of advances amid outperformance by the broader markets.    

Let’s have a look at the stocks that should be on your watchlist for swing trading purposes. These stocks are selected based on the T20 breakout system criteria.     

Alembic Pharmaceuticals: The stock jumped over 6 per cent and recorded its highest single-day volume in almost the last couple of months. Moreover, the bulk of the volume was witnessed in the second half of the trading session. Keep a close watch on this stock.    

Apollo Tyres: The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day volume in a long time. Volumes were robust and it has managed to close in the top quartile of the range. Hence, keep a close watch on this stock.    

Balkrishna Industries: The stock witnessed good action on Wednesday as the volume and price criteria of the T20 breakout system have matched.     

Century Textile: The stock met the criteria of the T20 breakout system and it witnessed a trending day. Furthermore, it closed near the day’s high; hence, keep a close watch on this stock.   

Chalet Hotels: The stock has managed to close near its day’s high and volume for the day was the highest in a long time. Hence, keep a close watch on this stock.