T20 breakout stocks: Best swing trading stocks to keep an eye on!
Indian benchmark indices halted their three-day winning streak as Sensex and Nifty ended Friday’s session in the red. Nifty ended down by 0.40 per cent while Sensex shed about 0.33 per cent. Nifty slipped nearly 155 points from the day’s high. Four out of five top losers belonged to the banking sector. HDFC, Kotak Mahindra Bank, ICICI Bank, and Axis Bank combinedly contributed about 36 points to Nifty’s fall. On the other hand, IT stocks provided much-needed support.
The broader markets relatively underperformed the headline indices with Nifty Midcap 100 and Smallcap 100 losing 1.05 per cent & 0.52 per cent, respectively.
Despite the fall on Friday, we expect stock-specific action to continue on D-Street. Hence, we have handpicked the best stocks for swing trading based on the T20 breakout system.
So, here is the list of the stocks:
Andhra Sugars: The stock met the criteria of the T20 breakout system and witnessed a trending day. Hence, keep a close watch on this stock.
Coforge: The stock met the criteria of the T20 breakout system. The volume activity was quite profound in the initial part as well as in the last leg of the trade. Hence, keep a close watch on this stock.
Emami Realty: 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.
Firstsource Solutions: 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.
Smartlink Holdings: The stock had met the criteria of the T20 breakout system. It witnessed good movement along with volume in the first half of the trading session. Hence, keep a close watch on this stock.
Vakrangee: 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 in the second half of the day. Hence, keep a close watch on this stock.