T20 breakout stocks: Best swing trading stocks to keep an eye on!
For the second day in a row, Nifty index ended the day in green on Wednesday with Nifty gaining more than 1 per cent and ending above the 16,900 mark. What’s more important is that it ended the day near its day’s high.
With this strong recovery witnessed in the last couple of trading sessions, the index filled the opening downside gap completely, which was created on December 20, 2021. Besides, it has also maintained its rhythm of higher high and higher low formation.
Interestingly, buying interest was witnessed across the board, and the testimony of this is the fact that all the sectoral indices ended with decent gains with Nifty Realty & Nifty Pharma being the top gainers.
India VIX, a measure that shows fear in the markets, cooled off significantly (nearly 5 per cent) and also, slipped below the 17-mark.
Once again, the broader market indices showed that the retail participation is not out of the system yet and the proof of this is the strong outperformance by Smallcap 100 as it jumped over 2 per cent while Nifty Midcap 100 gained 1.64 per cent.
Considering the bulls have seen a follow-through rally on Wednesday along with across-the-board participation and with cooling India VIX as an icing on the top, this Santa Rally could extend. Hence, we have come out with a list of stocks based on the T20 breakout system.
So, here is the list of stocks from the T20 breakout system:
Century Textiles & Industries: 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. The volume activity was quite profound in the second half of the trading session. Moreover, the stock has managed to close in the top quartile of the day’s range. Hence, watch out for the stock!
Hind Rectifiers: The stock had met the criteria of the T20 breakout system. It witnessed good movement along with volume in the first hour of the trading session. Hence, keep a close watch on this stock.
Manaksia Coated Metals & Industries: The stock met the criteria of the T20 breakout system and made an appearance for the second day in a row. Furthermore, the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
Om Infra: The stock met the criteria of the T20 breakout system. The volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
TCI Express: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close in the top quartile of the range while the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
Trigyn Technologies: The stock met the criteria of the T20 breakout system and witnessed a trending day. Hence, keep a close watch on this stock.