T20 breakout stocks: Best swing trading stocks to keep an eye on!
Wednesday’s trading session belonged to the bears’ as after opening the session on a flat note, Nifty made an attempt to move higher but the bears took charge, leading the index to breach the 17,300 mark. After moving in a band during the afternoon session, the bears took charge once again in the latter half of the day thereby, making Nifty close near its day’s low.
Nifty lost 0.60 per cent to end around the 17,221 mark. As a result, it formed lower high and lower low on Wednesday. The advance-decline ratio was clearly in favour of decline as 36 stocks of Nifty 50 index were in the red.
The broader markets, which were showing resilience in the last couple of trading sessions, came under hammering on Wednesday as both Nifty Midcap 100 as well as Smallcap 100 lost 0.58 per cent & 0.39 per cent, respectively.
Despite the havoc, which was witnessed in the latter part of the trading session on D-Street, there are certain stocks that appeared in the T20 breakout system.
So, here is the exclusive list of stocks from the T20 breakout system:
Axiscades Technologies: The stock met the criteria of the T20 breakout system and witnessed a trending day. The volume activity was quite profound in the initial half of the trading session and the stock got locked at the upper circuit limit. Hence, keep a close watch on it.
Borosil: 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 second half of the day. Hence, keep a close watch on this stock.
Capacite Infraprojects: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
Gujarat Mineral Development Corporation: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the latter part of the trading session. Hence, it demands attention!
Vardhman Textiles Limited (VTL): This stock has flashed in the T20 breakout system for the second consecutive day. It went up by over 6 per cent and the volume activity was also quite profound in the initial hour as well as the second half of the trading session.