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

Nifty ended the final trading session of the year 2021 on a buoyant note as it jumped 150 points and closed above the 17,350 mark on a provisional basis.   

The benchmark index i.e. Nifty went up by 24 per cent in 2021 and it is the sixth consecutive year of positive returns on Nifty, which has now returned positive returns in nine out of the past 10 years i.e. 2012-2021.  

All the sectoral indices ended in green on Friday while the broader markets outperformed the headline indices with Nifty Midcap 100 as well as Smallcap 100 gaining 1.40 per cent & 1.41 per cent, respectively.   

Considering the fact that Nifty has witnessed a breakout of the descending channel and broad-based buying on Friday, we expect momentum to continue in the coming trading sessions. Hence, we have shortlisted a few stocks based on the T20 breakout system.  

So, here is the list of stocks:  

Airo Lam: 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. The volume activity was quite profound in the second half of the trading session. Moreover, it has managed to close at the upper circuit. Therefore, watch out for the stock!    

Alpa Laboratories: 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. The volume activity was quite profound throughout the day. Moreover, it has also managed to close at the upper circuit. Thus, watch out for the stock!    

Texmaco Rail & Engineering: 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. Also, the stock has managed to close near the day’s high. Hence, watch out for the stock!     

RPP Infra Projects: 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. Thus, keep a close watch on this stock.  

Rama Steel Tubes: 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. Also, the stock has managed to close near the day’s high. Hence, watch out for the stock!         

BGR Energy Systems: 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 at the upper circuit. Therefore, watch out for the stock!