T20 breakout stocks: Best swing trading stocks to keep an eye on!
After a fall on Friday where NSE benchmark index i.e. Nifty 50 lost nearly about 0.40 per cent, this is what exactly the doctored ordered for the markets as it ended the first day of the week in green and above the 17,100 mark on a provisional basis.
However, the start of the day was in muddy water amid new restrictions, which were announced during the weekend in certain states of India to fight the spread of the new variant of Coronavirus.
However, soon, the bulls took over the charge and Nifty gained nearly 260 points from the day's low and interestingly, closed near the day's high.
Among the sectoral indices, the majority of the sectors ended the day in green with Nifty Pharma leading from the front. The broader markets also ended in the green.
We expect the market to continue its momentum and hence, we have shortlisted the names of some stocks, which should be on your watchlist for swing trading purposes. These stocks are based on the T20 breakout system.
So, here is the list of stocks:
Oswal Chemicals & Fertilisers: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close at the highest point of the day. Hence, keep a close watch on this stock.
BC Power Controls: 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. The volume activity was quite profound in the second half of the trading session. Moreover, the stock has managed to close at the upper circuit. Hence, watch out for the stock!
Everest Industries: The stock met the criteria of the T20 breakout system and witnessed a trending day. Hence, keep a close watch on this stock.
Gravita 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. The volume activity was quite profound in the second half of the trading session. Moreover, it has also managed to close near the day’s high. Hence, watch out for the stock!
Goodluck 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. The volume activity was quite profound in the first half of the trading session. Moreover, it also managed to close at the upper circuit. Thus, watch out for the stock!
IZMO: 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!
Maral Overseas: The stock met the criteria of the T20 breakout system and witnessed a trending day. Hence, keep a close watch on this stock.
Southern Petrochemicals Industries Corporation (SPIC): 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. Hence, keep a close watch on this stock.
Sunteck Realty: 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. Hence, keep a close watch on this stock.
Tata Coffee: 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 in the second half of the day. Hence, keep a close watch on this stock.