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

The broader markets as well remained buoyant with Nifty Midcap 100 and Smallcap 100 advancing 2.2 per cent & 2.51 per cent, respectively.

It was a fantastic Friday for the Indian benchmark indices as Nifty and Sensex managed to log gains of nearly 3 per cent each. After a cheerful start, the key benchmark indices went from strength to strength to close near the day’s high. India VIX cooled off 5 per cent and settled near the 23 mark.   

The broader markets as well remained buoyant with Nifty Midcap 100 and Smallcap 100 advancing 2.2 per cent & 2.51 per cent, respectively. The advance-decline remained strongly in favour of advances.   

Talking about the sectoral performance, all the sectoral indices ended in the green, led by Nifty Media, Nifty Realty, and Nifty Metal.    

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.      

Here is the list of stocks:     

Elecon Engineering Company:  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!       

Hindustan Aeronautics Ltd (HAL): The stock recorded a fresh 52-week high on Friday and met the criteria of the T20 breakout system and therefore, demands special attention!     

JK Lakshmi Cement: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first half of the trading session while the volume activity was also quite profound during that time. Hence, it demands attention!        

Nava Bharat Ventures: It recorded a fresh 52-week high on Friday, and hence, watch out for this stock!