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

Here is the list of stocks

Contrary to fragile global cues, the Indian benchmark indices started off Tuesday’s session with a positive bias. With this, it started to move higher, and thereafter, it seemed that the bulls will hit six in six i.e., will log gains for the six straight trading sessions. However, as the saying goes, ‘All good things must come to end’, this dream-run of the bulls also came to an end, but in a very nasty way.   

By ‘nasty way’, we mean that the bulls were clean-bowled as Nifty and Sensex lost over 1 per cent each. Moreover, the market breadth was negative and India VIX jumped over 4 per cent.  

The formation on the daily chart of Nifty resembles a Tweezer top pattern while its formation after a reasonable upmove, signals a potential change in the price direction.   

The broader market indices also witnessed a fall with Nifty Midcap and Smallcap declining 0.87 per cent & 1.41 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:     

Century Plyboards (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!   

Supreme Petrochem: The stock made a fresh all-time high on Tuesday, despite severe sell-off in the stock markets. It met the criteria of the T20 Breakout system and therefore, demands special attention.