T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty opened the session with a positive bias; however, it registered an open=high condition as the opening price of the day turned out to be the high price of the day. Consistent selling pressure was witnessed thereafter, which resulted in a serve fall in the index at one point in the day. Nifty had slipped below the 17,900 mark but then, it recovered from the lower point of the day and settled around the level of 17,943.
Among the sectoral indices, Nifty PSU Bank and Nifty Media were the top gainers. Nifty PSU Bank gained over 2 per cent and more importantly, barring UCO Bank, all other stocks from Nifty PSU Bank traded with positive bias. Also, State Bank of India was among the top contributor to Nifty 50 index.
Talking about the broader market performance, Nifty Midcap 100 and Smallcap 100 were seen to be resilient as they relatively outperformed the frontline gauge.
We believe that going forward, stock-specific action would continue to be the name of the game on D-Street and hence, we have selected the best stock for traders as well as investors based on the T20 Breakout system.
Here is the list of stocks:
Himdari Speciality Chemical Ltd (HSCL): 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. Therefore, watch out for the stock!
HSIL: 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. Hence, watch out for the stock!
Menon Bearings: It 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. Therefore, watch out for the stock!
Oil & Natural Gas Corporation (ONGC): 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. Thus, watch out for the stock!
PTC India Financial Services: 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. Therefore, watch out for the stock!
Unichem Laboratories: It 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. Hence, watch out for the stock!