T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty index opened the session with a gap-up above the 20-DMA while the opening upside gap remain unfilled as the index went from strength to strength to close above the 17,200 mark. This was the highest closing witnessed since December 14. If this doesn’t excite you, this article surely will.
What was more outstanding was the fact that this upmove ticked all the boxes of a perfect bullish rally wherein, the market breadth was strongly in favour of advances. Participation was seen from the majority of the sectors while India VIX cooled off.
The broader market indices seem to have got past the stormy cloud as far as Tuesday’s trading session is concerned as it managed to outperform the frontline gauge.
Considering the fact that the bulls are now fully charged up, we have curated a list of stocks that meet the criteria of the T20 breakout system.
So, here is the list of stocks:
Everest 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 for the second consecutive session.
Gokaldas Exports: 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 throughout the day. Moreover, the stock has managed to close at the upper circuit. Therefore, watch out for the stock!
IDFC: 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.
JK Tyre & Industries: 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. Thus, keep a close watch on this stock.
Jaiprakash Power Ventures (JPPOWER): 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.
NIIT: 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, it also managed to close near the day’s high. Hence, watch out for the stock!
Prajay Engineers Syndicate: The stock met the criteria of the T20 breakout system and witnessed a trending day. Hence, keep a close watch on this stock.
Transformers & Rectifiers India Ltd (TRIL): 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. Thus, watch out for the stock!
Shyam Metalics and Energy: 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 first half of the day. Hence, keep a close watch on this stock.