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

The index has gained nearly 2.90 per cent in the month of September. With this, Nifty has extended its winning streak for the fifth straight month.  

The last trading session of the month of September was a volatile as well as a dreadful one for the bulls as Nifty index dropped more than half a per cent and ended the session near the day’s low. However, the index has gained nearly 2.90 per cent in the month of September. With this, Nifty has extended its winning streak for the fifth straight month.   

We believe that the stock-specific action is likely to continue on D-Street and hence, we have curated a list of stock based on the T20 breakout system. Keep these stocks on your watchlist!   

So, here is the list:  

Birla 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.   

Gujarat Pipavav Port (GPPL): The stock has met the criteria of the T20 breakout system. Interestingly, it recorded nearly 33 per cent of the volume in the second half of the trading session and also, closed near its day’s high.  

Mangalore Refinery & Petroleum Ltd (MRPL):  The stock witnessed good action on Thursday as the volume and price criteria of the T20 breakout system have matched. Moreover, the bulk of the volume in the stock has been witnessed in the second half of the trading session. Hence, watch out for this stock!