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

Nifty, after hitting a fresh all-time high in the first half of the trading session, has slipped further and trimmed most of its gains. However, the broader markets were seen outperforming the frontline indices with Nifty Midcap 100 & Smallcap 100 ending up by 0.32 per cent and 0.79 per cent, respectively.   

Considering that the broader markets continue to outperform the frontline gauge, we expect stock-specific action to continue on D-Street.   

So here is the list of stocks that one could keep on their watch list for swing trading: 

Adani Ports & Special Economic Zone: The stock is meeting the criteria of T20 breakout as it has witnessed a breakout of 20-day high and also, recorded the highest volume seen in the last 20 trading sessions.   

Hindustan Aeronautics Ltd (HAL): The stock has witnessed a flat base pattern breakout along with exceptional volume as the volume seen on Wednesday is the highest after January.    

HDFC Life Insurance: The stock has recorded its highest single-day volume after July 2 and witnessed one of the strongest bullish candles in the near term. Hence, keep a close watch on this stock.   

Linde India: This is the second day in a row when this stock has appeared in the T20 breakout system. We would suggest to continue holding this stock with a trailing stop-loss.   

SBI Cards & Payment Services: SBI Cards & Payment Services witnessed a perfect trending day on Wednesday. After opening in green, the stock moved in the same direction throughout the day and witnessed a strong close as the closing was near the day’s high.