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

we have come out with a list of stocks based on our T20 breakout system.

Indian benchmark indices witnessed a roller-coaster ride on Thursday as after opening higher, Nifty went on to touch the levels of 17,543.25. However, profit-booking emerged at higher levels and it slipped lower to record an intraday low of 17,379.60. Thereafter, recovery was seen as Nifty recouped more than 100 points from the day’s low, and with this pullback, it managed to close above the 17,500 mark.   

Buying interest was witnessed in the broader markets with Nifty Midcap 100 and Smallcap 100 rising by 0.60 per cent & 1.24 per cent, respectively. Due to this outperformance by the broader market, the advance-decline was in favour of advances.   

Among the sectoral indices, it was even-steven performance. Nifty Media was the top gainer, followed by Nifty FMCG. On the other hand, Nifty Bank and Nifty Financial Services were the top losers.   

So, here is the list: 

ABB: The stock had met the criteria of the T20 breakout system. It witnessed good movement throughout the day; however, volume activity was quite profound in the second half of the trading session. Hence, it demands attention!    

Hathway: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and also, saw good momentum in the latter part of the trading session. Hence, keep a close watch on this stock.       

Network 18: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close in the top quartile of the range while the volume activity was quite profound in the first half of the day. Hence, keep a close watch on this stock.       

Yes Bank: 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 range. Hence, watch out for the stock!