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

The broader market indices relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 adding

Nifty ended its upmove for the third straight day on Thursday and with this, it has retraced more than 61.8 per cent of the fall from 17,794.60-17,043.65. Infosys and HDFC twins contributed the most to the index gains as they combinedly added about 72 points gains to Nifty’s kitty. The advance-decline ratio was also firm as 37 stocks closed in the green while only 13 stocks ended in the red.   

The broader market indices relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 adding 0.29 per cent & 0.47 per cent, respectively.   

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.  

Here is the list of stocks:  

Seamec: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the second half of the trading session while the volume activity was also quite profound during that time. Hence, it demands attention!     

Rana Sugars:  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!    

Jindal Steel & Power: 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!   

Mahindra Lifespace Developers: The stock was locked at the upper circuit limit and also, met the criteria of the T20 breakout system.   

New Delhi Television Ltd (NDTV): The stock has recorded one of the best single-day gains in a long time. Therefore, watch out for the stock!