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

So, here is the list of stocks

Nifty extended its upmove for the seven consecutive session on Monday and also, registered a record high closing as it ended the day at 18,476.60, up by 0.75 per cent (provisional). Interestingly, the index witnessed a gap-up opening for the third straight day on Monday.   

Among the sectoral indices, barring Nifty Pharma and Nifty Media, all other sectoral indices ended in red with Nifty PSU Bank and Metal leading from the front.   

Buying interest was visible in Nifty Midcap 100 as well as Smallcap 100 with the former gaining more than a per cent while the latter added over half a per cent.   

Want to know which stocks 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:  

Bank of Baroda: 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.     

Bharat Dynamics Limited (BDL): The stock skyrocketed 6 per cent and witnessed a jump in the volume as well. Moreover, a bulk of the volume was witnessed in the second half of the trading session and also, managed to close near the day’s high. Hence, watch out for this stock.      

Jindal Stainless Limited (JSL): 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 has managed to close in the top quartile of the day’s range. Hence, watch out for the stock!