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

Among the sectoral indices, barring Nifty Auto and Nifty IT, all other sectoral indices ended in red with Nifty PSU Bank losing the most in excess of 2 per cent.

The Indian benchmark indices witnessed its one of the most volatile days in the recent times. Tuesday’s range for Nifty was of about 174 points, which is greater than its 10-day average range of 167 points.   

Nifty and Sensex scummed to selling pressure in the latter part of the trading session and ended down by about 0.61 and 0.65 per cent, respectively.   

The broader markets relatively outperformed the frontline gauge with Nifty Midcap 100 ending the day down by a meagre 0.27 per cent, while Nifty Smallcap 100 added 0.50 per cent.   

Among the sectoral indices, barring Nifty Auto and Nifty IT, all other sectoral indices ended in red with Nifty PSU Bank losing the most in excess of 2 per cent.   

Stock selection in the coming trading session is likely to be of paramount importance and hence, we have selected some stocks based on our T20 breakout system.   

So, here is the list of stocks: 

Macrotech Developers (LODHA): The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and thereafter, traded sideways. Once the stock manages to cross above the highs of Tuesday’s trading session, it would witness good momentum.    

Maruti Suzuki India: 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!      

Finolex Cables: 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 first half of the day. Hence, keep a close watch on this stock.