T20 breakout stocks: Best swing trading stocks to keep an eye on!
Here is the list:
Well, Friday’s trading session was no less than a T20 Match as the bulls were seen dispatching the ball out of the park as Nifty bulls scored a double century and ended the day above the 17,650 mark with gains of over 1 per cent.
Talking about the performance of the broader market indices, Nifty Midcap and Nifty Smallcap outperformed the frontline indices as they jumped 1.53 per cent & 1.68 per cent, respectively. Moreover, all the sectoral indices, barring Nifty Pharma, ended in the green, led by Nifty PSU Bank and Nifty Energy.
With the outperformance by the broader market indices and generally, April being one of the good months for the markets, there is going to be a problem for most traders; hence, we have selected a few stocks based on the T20 breakout system.
Here is the list:
Bharat Heavy Electricals Limited (BHEL): The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close near the day’s high while the volume activity was quite profound throughout the day. Thus, keep a close watch on this stock.
Can Fin Homes: The stock met the criteria of the T20 breakout system. The volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
HDFC Asset Management Company: The stock met the criteria of the T20 breakout system. It managed to close in the top quartile of the range while the volume activity was quite profound in the second half of the day. Thus, keep a close watch on this stock.
Laxmi Organic Industries: The stock made its way into the T20 breakout system as it got locked at its upper circuit limit of the day.
NTPC: The stock has made its way into the list as it closed above the 20-day high while its volume are higher in the last 20 days. Hence, watch out for the stock!
Welspun Corp: The stock met the criteria of the T20 breakout system and volume activity was quite profound throughout the day. Hence, the stock demands attention!