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

On Monday, Nifty index witnessed a roller coaster ride as it oscillated about 284 points during the day. Initially, the index opened with a gap-up and thereafter, made a high of 17,639.50. However, soon after that, gains started disappearing and Nifty collapsed like a house of cards to end below the 17,400 mark on a provisional basis.   

Despite the fact that Nifty dropped about 250 points from the day’s high; there are a few stocks that appeared in the T20 breakout system. This is due to the reason that the broader market indices relatively outperformed the frontline gauge. Nifty Midcap 100 and Smallcap 100 plummeted 0.18 per cent & 0.06 per cent, respectively.   

Among the sectoral indices, barring Nifty IT index, all other indices ended in red with Nifty Media falling the most as it slipped over 2 per cent.   

So, here is the list of stocks of the T20 breakout system:  

Alok Industries: 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. Hence, keep a close watch on this stock.      

Equitas Holdings: 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 throughout the day. Hence, keep a close watch on this stock.    

Minda Industries:  The stock made its way into the list as it closed above the 20-day high and the volume recorded was also higher in the past 20 days. Furthermore, volume activity was quite profound throughout the day. Hence, watch out for the stock!