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

The outperformance from the broader market i.e., Nifty Midcap and Nifty Smallcap clearly indicate that the market is going to witness stock-specific action.

Nifty scaled past the important psychological mark of 18,000 on Monday for the first time in history. However, profit booking in the last leg of the trade dragged Nifty below the 18,000 mark and it settled with modest gains of 0.25 per cent.   

The broader market indices outperformed the frontline gauge with Nifty Midcap 100 and Smallcap 100 rising by 0.64 per cent & 1.11 per cent, respectively.   

Among the sectoral indices, barring Nifty IT, all other sectoral indices ended in the green with Nifty Auto and media leading from the front.   

The outperformance from the broader market i.e., Nifty Midcap and Nifty Smallcap clearly indicate that the market is going to witness stock-specific action. However, one needs to be highly selective; hence, we have come out with the top three penny stocks that have witnessed a breakout based on the T20 breakout system.    

Equitas Holdings: The stock got locked at the upper circuit on Monday and also, met the criteria of the T20 breakout system. Interestingly, in the second half of the trading session, a huge rise in the volume activity was seen and the price also witnessed a good uptick. Hence, one should keep an eye on this stock.     

Shipping Corporation of India (SCI): The stock met the criteria of the T20 breakout system and witnessed a trending day. The stock has managed to close near its day’s high.   

Route Mobile: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, the bulk of the volume activity has been observed in the second half of the trading session. Also, the stock has managed to close in the top 25 per cent of the day’s range. Hence, keep a close watch on this stock.