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

The Indian benchmark indices started off the final trading session of the week on a buoyant note while Nifty hit an intraday high of 17,941.85. However, it failed to hold at higher levels as profit booking emerged and Nifty shed almost 50 points from the day’s high.   

The key event of the day was RBI Policy meet outcome and on expected lines, the apex bank of India decided to maintain the status quo on the repo rate, citing that the economy required policy support.   

Among the sectoral indices, Nifty PSU Bank was seen leading from the front as it jumped nearly 2 per cent, followed by Nifty IT index, which gained 1.97 per cent ahead of IT bellwether TCS Q2 earnings.   

Going forward, it’s important to know which stocks can outperform the markets and deliver good returns. To help you answer this question, we have come out with some special stocks based on the T20 breakout system that should be on your radar for swing trading purposes.   

So, here is the list: 

Ashoka Buildcon: The stock jumped over 12 per cent and recorded its highest single-day volume after many years. Moreover, the bulk of the volume was witnessed in the second half of the trading session. Keep a close watch on this stock.    

Chambal Fertilisers & Chemicals: The stock sky-rocketed over 14 per cent and witnessed a huge jump in the volume as well. Moreover, the bulk of the volume was witnessed in the second half of the trading session. Hence, watch out for this stock.    

Rallis India: 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 volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.