T20 breakout stocks: Best swing trading stocks to keep an eye on!
What a day of trading it was on D-Street today! The initial hour of today’s trading session was quite volatile as Nifty swung both ways and at one point in time, it had slipped below the 17,600 mark. However, the bulls continued their New Year Celebration and logged a marvellous rally of over 1 per cent on Tuesday.
Nifty, on a provisional basis, closed above the 17,800 mark. Meanwhile, the broader markets underperformed the headline index as Nifty Midcap 100 and Smallcap 100 added 0.25 per cent & 0.31 per cent, respectively.
The momentum is expected to continue in the markets and hence, we have shortlisted some stocks based on the T20 breakout system.
So, here is the list of stocks:
Aarey Drugs & Pharmaceuticals: 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 first half of the day. Moreover, it has also managed to close at the upper circuit. Thus, watch out for the stock!
Affle (India): 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. Hence, watch out for the stock!
Alembic Pharmaceuticals: 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. Therefore, watch out for the stock!
Apollo Tyres: 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.
Balrampur Chini Mills: 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!
Clean Science & Technology: 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 and the volume was also quite profound in the second half of the trading session. Thus, keep a close watch on this stock.
Dhampur Sugar Mills: 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 and the volume was also quite profound in the second half of the trading session. Thus, keep a close watch on this stock.
SMS Pharmaceuticals: 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. Therefore, keep a close watch on this stock.
Visaka Industries: 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.