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

In ICC Men’s T20 World Cup of 2007, it was Yuvraj Singh, who took Stuart Broad to knockers as he hit 6 sixes in a row! D-Street too witnessed a similar magical moment on Thursday as the bulls knocked 6 sixes in a row i.e., they gained for the sixth straight session!  

On Thursday, Nifty surpassed its previous all-time high and registered a fresh one. It closed above the 18,300 mark for the first time ever! Buying interest was visible in the broader markets as well but the broader markets unperformed the benchmark indices.   

Want to know which are the stocks that have the potential to deliver alpha returns in the near term? We have chalked out a list of stocks based on the T20 breakout system.    

So, here is the list of stocks: 

Adani Ports: 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. Moreover, the stock also closed near the day’s high. Hence, watch out for the stock!      

BEML: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it has managed to close in the top quartile of the range while the volume activity was quite profound in the latter part of the day. Hence, keep a close watch on this stock.      

Cyient: The stock jumped 7 per cent along with a huge jump in volume. Moreover, the bulk of the volume was witnessed in the second half of the trading session. Hence, watch out for this stock!