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

Considering that the index has closed above the 17,800 mark, we expect the index to continue its momentum

It turned out to be a terrific Tuesday for the bulls as Nifty and Sensex advanced 0.77 per cent & 0.78 per cent, respectively. Reliance Industries has single-handedly contributed nearly 42 points to Nifty’s kitty.  

Among the sectoral indices, Nifty Energy was the top gainer as it jumped 2.68 per cent, followed by Nifty Media, which added 0.97 per cent. On the other hand, Nifty Realty was down by 1.6 per cent.  

Considering that the index has closed above the 17,800 mark, we expect the index to continue its momentum and it may attempt to scale towards the levels of 18,000.  

So, let us take a look at the list of the stocks from the T20 breakout system:   

Kansai Nerolac Paints: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it has managed to close in the top quartile of the range while the majority of the volume was witnessed in the second half of the trading session. Hence, keep a close watch on this stock.   

RITES: The stock has made its way into the list as it closed above the 20-day high while its volumes are higher in the last 20 days. Moreover, the stock has closed near the day’s high, and the bulk of the volume activity was seen in the second half of the trading session. Hence, watch out for the stock!    

Vinati Organics: The stock witnessed good action on Tuesday as the volume and price criteria of the T20 breakout system have matched.