T20 breakout stocks: Best swing trading stocks to keep an eye on!

On the daily chart of Nifty, the index has formed an inside bar pattern as the price traded within the high and low range of the prior trading session.

The Indian benchmark indices kicked off the shortened week on a dismal note but after opening lower, the markets staged a smart recovery in the afternoon session. However, the recovery failed to sustain and in the last leg of the trade, we saw Nifty marking a fresh intraday low of 17,650.95. In the end, it settled with a loss of a little over half a per cent.   

On the daily chart of Nifty, the index has formed an inside bar pattern as the price traded within the high and low range of the prior trading session. Going ahead, the lows and highs of Monday’s session would be crucial to monitor.   

Interestingly, the broader market indices continued to relatively outperform the headline indices with Nifty Midcap adding 0.62 per cent while Nifty Smallcap remained unchanged.   

Going ahead, the theme of sector churning and stock-specific outperformance is likely to remain intact and hence, we have come out with a list of stocks that should be on your radar.   

Here is the list of stocks:  

ACC: The stock has made its way into the list as it closed above the 20-day high while its volume is higher in the last 20 days. Hence, watch out for the stock!     

Advanced Enzyme Technologies: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close near the day’s high while the volume activity was quite profound throughout the day. Thus, keep a close watch on this stock.     

Ambuja Cements: The stock met the criteria of the T20 breakout system. It managed to close in the top quartile of the range. Thus, keep a close watch on this stock.   

Hindustan Aeronautics Limited (HAL): The stock met the criteria of the T20 breakout system. It managed to close in the top quartile of the range. Thus, keep a close watch on this stock