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

Nifty staged a smart recovery and reclaimed its important psychological mark of 18,000.

The Nifty opened the session with a gap down and below its prior trading session low. On Wednesday in the initial trading hours, Nifty made a low of 17,915, however, thereafter got stabilized. In the latter part of the trading session, Nifty staged a smart recovery and reclaimed its important psychological mark of 18,000. Despite a strong recovery in the closing hour of today's trading session, the index ended in red as it failed to sustain the higher levels. 

The broader markets also witnessed profit booking on Wednesday with Nifty Midcap 100 and Smallcap 100 down by 0.51 and 0.08 per cent, respectively. 

Seeing a strong recovery from the lower levels and Nifty reclaiming the 18,000 mark, it's likely that the stock-specific action would continue on D-Street. Want to know which stocks to keep on your radar? We have shared a list of stocks based on the T20 breakout system. 

So, here is the list.

Intellect Design Arena: The stock has met the criteria of the T20 breakout system. Interestingly, it recorded the bulk of the volume in the first hour of the trading session and thereafter, it traded sideways and once the stock sustains above Wednesday’s high, traders can keep a watch on this stock. 

Kalyan Jewellers India: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and it also saw some interest in the latter part of the trading session. Hence, demands attention.  

KPIT Technologies: The stock witnessed good action on Wednesday as the volume and price criteria of the T20 breakout system have matched.