T20 breakout stocks: Best swing trading stocks to keep an eye on!
On Tuesday, Nifty opened the session with a gap-up and extended its gain in the initial half of the trading session and thereafter, went on to touch an intraday high of 16,936.30. With this, it has almost filled the opening downside gap of the prior trading session. However, around this opening downside gap area, bouts of volatility were experienced. As a result, Nifty trimmed its gains and has settled below the 16,800 mark.
The broader markets relatively outperformed the headline indices with Nifty Midcap 100 and Smallcap 100 adding 1.28 per cent & 1.25 per cent, respectively.
The current market scenario seems more like a trading market than an investing market. A scrip-specific approach is advocated. Hence, we have come up with a list of stocks based on the T20 breakout system.
So, here is the list of stocks from the T20 breakout system:
Apar 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. Moreover, the stock has managed to close in the top quartile of the day’s range. Hence, watch out for the stock!
Asian Granito India: 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!
Manaksia Coated Metals & Industries: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close at the high of the day while the volume activity was quite profound in the first half of the day. Hence, keep a close watch on this stock.
Mahanagar Telephone Nigam Limited (MTNL): The stock had met the criteria of the T20 breakout system. It witnessed good movement along with volume in the first hour of the trading session. Hence, keep a close watch on this stock.
STL Global: The stock met the criteria of the T20 breakout system and witnessed a trending day. The stock got locked at the upper circuit while its volume activity was quite profound in the first hour of the trading session. Hence, keep a close watch on this stock.
Prozone Intu Properties: The stock met the criteria of the T20 breakout system and made an appearance for the second day in a row. Furthermore, the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.