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

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

Karan Dsij
/ Categories: Trending, Mindshare

Nifty extended its fall for the fourth straight day in a row and formed a lower low for the fourth day. It ended the day down by 0.79 per cent or 139.85 points while Sensex dropped 0.72 per cent or 427.44 points.   

Indices managed to curtail some of their losses in the last hour after Nifty touched the day’s low of 17,458.85. The tone was negative from the beginning, tracking weak global cues, which further deteriorated as the day progressed. India VIX also jumped over 7 per cent and crossed the 19-mark.   

Interestingly, the broader market indices i.e., Nifty Midcap 100 as well as Smallcap 100, which were resilient and were seen relatively outperforming to the frontline gauge, witnessed fierce selling pressure on the final trading session of the week.   

Despite the selling pressure witnessed in markets, we have come out with a list of stocks that are capable of relatively outperforming in the near term. These stocks are selected based on the T20 Breakout system.   

So, here is the list of stocks: 

Biocon: 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!     

Gokaldas Exports: The stock met the criteria of the T20 breakout system and recorded a fresh 52-week high.   

SIS: 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; hence, keep a close watch on this stock.      

Panacea Biotech: The stock has recorded one of the best single-day gains in a long time. Moreover, it has witnessed good volume action in the first and the last hour of the trading session. 

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