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

It was a terrifying Tuesday for the Indian benchmark indices as they slipped nearly 1 per cent. The beginning of the day was a stable one and it seemed that the benchmark indices were on their way to record yet another day of gains. However, a bout of selling pressure was seen as the US Bond Yield spiked, and within no time, the index traded near the day’s low but once again, the dip was bought and the index pared all its losses to enter into positive terrain, only to witness yet another wave of selling pressure, which was quite intense.    

The amount of volatility that the markets witnessed can be gauged from the fact that Nifty index moved in a range of 265 points, which is greater than its 10-day average. As a result, on the daily chart, this led to the formation of the bearish engulfing-like candlestick pattern.   

Talking about the sectoral indices’ performance, barring Nifty Bank, which ended almost flat, all other indices ended in the red.   

The broader market indices witnessed severe selling pressure as they relatively underperformed the frontline gauge.   

Despite strong sell-off in the markets, there are certain stocks that command attention. These stocks are selected on basis of the T20 Breakout system.  

Here is the list of the stocks:  

Cholamandalam Investment & Finance Company: 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!    

Gujarat Ambuja Exports: 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!    

Hemisphere Properties: 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. Thus, watch out for the stock!    

TV18 Broadcast: It 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!