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

This was mainly due to outperformance by the broader market indices

Volatility was the hallmark of Wednesday’s session as Nifty swung both ways before settling the day with a modest loss of 0.3 per cent.   

Interestingly, despite a down day, the market breadth was healthy as it was skewed towards advances. This was mainly due to outperformance by the broader market indices. Nifty Midcap 100 and Smallcap 100 added 1.03 per cent & 0.40 per cent, respectively.   

Stock-specific action is likely to continue on D-Street as Nifty witnessed decent recovery from the lower levels and also, due to healthy market breadth.  

So, here is the list of stocks based on the T20 breakout system: 

NLC INDIA: The stock jumped over 5 per cent and recorded its highest single-day volume since June first week. Moreover, the bulk of the volume was witnessed in the first half of the trading session, and thereafter, the price remained in a capped range. Keep a close watch on this stock.     

Hindustan Petroleum Corporation: 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 near the day’s high. Hence, keep a close watch on this stock.      

NTPC: The stock witnessed good action in the initial as well as the last hour of the trade on Wednesday as the volume and price criteria have matched.  Hence, it demands attention.