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

Stock-specific action continues and testimony of this is the fact that the advance-decline ratio was marginally skewed towards gainers.

Nifty made an attempt to recover; however, it faced resistance around the 20-DMA and slipped lower. As a result, it closed with a loss of nearly half a per cent.   

Among the sectoral indices, Nifty Pharma and Nifty PSU Bank were the top two gainers as they added 0.84 per cent & 0.75 per cent, respectively.   

Despite the fact that the frontline gauge ended the day in red, stock-specific action continues and testimony of this is the fact that the advance-decline ratio was marginally skewed towards gainers. Going ahead, we believe that stock selection will be of utmost importance and hence, we have come out with a list of stocks based on the T20 breakout system.   

So, here is the list: 

Angel Broking: The stock was locked at the upper circuit on Friday and also, met the criteria of the T20 breakout system. Interestingly, the bulk of the volume was witnessed in the second half of the trading session. Hence, one should keep an eye on this stock.   

Manappuram Finance: The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day volume in a long time. Volumes were robust throughout the day and it has managed to close near the day’s high. Hence, keep a close watch on this stock.   

TVS Motor Company: The company made an announcement that it has registered sales growth of 6 per cent with 3,47,156 units in September 2021 as against the sales of 3,27,692 units in the month of September 2020. The company's total exports registered a growth of 20 per cent with sales of 1,02,259 units in the month of September 2021 as against 85,163 units in September 2020. Furthermore, the stock also met the criteria of the T20 breakout system.