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

And as the saying goes all’s well that ends well. So, on a weekly basis, the Nifty gained 1.04 per cent. Talking above the sectoral performance Nifty IT and Nifty Energy were top gainers

Indian markets started the week on a buoyant note, however, during the mid-week, the bulls met with a roadblock in the form of a fragile global cue amid hotter than expected CPI inflation in the US. But the last trading session of the week turned out to be nothing less than a fairy tale as the key benchmark indices jumped over 1 per cent, each on Friday and ended above their important psychological mark. Nifty jumped above the 18,100 mark and Sensex closed above the 60,600 mark. 

And as the saying goes all’s well that ends well. So, on a weekly basis, the Nifty gained 1.04 per cent. Talking above the sectoral performance Nifty IT and Nifty Energy were top gainers with Nifty IT gaining about 2.82 per cent, while Nifty Energy rose by 2.65 per cent. Nifty Bank was among the worst-performing sector on a weekly basis as it lost over 2 per cent. 

Given that the benchmark indices have closed above their respective important psychological levels, we expect momentum to continue on D-Street. We have shared a couple of prominent names which looks ripe for good momentum based on the T20 breakout system. 

So, here is the list of the stocks: 

HDFC Life: 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, it demands attention.   

Minda Industries: 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 managed to close in the top quartile of the day’s range. Hence, watch out for the stock!