T20 breakout stocks: Best swing trading stocks to keep an eye on!
After two days of rally, the index took a breather on Wednesday as it oscillated in the range of 109 points and ended the day with a minuscule loss but above the 17,200 mark.
Among the sectoral indices, the majority of the sectoral indices ended in red while Nifty Pharma and Nifty Auto gained 1.72 per cent & 0.46 per cent, respectively.
The broader market indices outperformed the frontline indices as Nifty Midcap 100 & Nifty Smallcap 100 added 0.05 per cent and 0.50 per cent, respectively. Considering outperformance by the broader market indices, the advance-decline ratio was skewed in favour of advances.
Certainly, with the relative outperformance from the broader markets, the market participants would be looking for some opportunities on the long side. Hence, we have come out with a list of the stocks based on the T20 breakout system.
So, here is the list of stocks:
Allied Digital Services Ltd (ADSL): 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, the stock has managed to close at the upper circuit. Therefore, watch out for the stock!
Aptech: 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. Hence, watch out for the stock!
Balrampur Chini Mills: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close in the top quartile of the range while the volume activity was quite profound in the first half of the day. Hence, keep a close watch on this stock.
Cybertech Systems & Software: 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!
Hindcon Chemicals: 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, the stock has managed to close at the upper circuit. Thus, watch out for the stock!
Laurus Labs: 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 for the second consecutive session.
NACL 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 for the second consecutive session.
Phillips Carbon Black: 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. Also, the stock has managed to close near the day’s high. Hence, watch out for the stock!
Rain 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. The volume activity was quite profound throughout the trading session. Thus, watch out for the stock!