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

Nifty started off the week on a soft note; however, the market participants bought the dip, and thereon, the market began to inch higher. Nifty recovered approximately 85 points from the lows of the day and also, managed to close in the top quartile of the day’s range. TCS, Reliance Industries, and Infosys have combinedly contributed nearly 31 points to Nifty’s kitty.   

Interestingly, Nifty oscillated in the range of just 92 points, which is the lowest daily range in the last seven trading sessions. As a result, it has led to the formation of the NR7 bar.   

Among the sectoral indices, Nifty Auto and Nifty Realty were the top gainers while on the other hand, Nifty Pharma & Nifty Bank witnessed profit booking.   

Going ahead, we are going to witness a stock-specific action in the market and hence, we have come out with a list of stocks based on the T20 breakout system.        

So, here is the list of stocks: 

Can Fin Homes: 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; hence, keep a close watch on this stock.        

EIH Limited: The stock has recorded one of the best single-day gains in a long time. Moreover, it witnessed good volume action in the second half of the trading session.   

Hero MotoCorp: Hero MotoCorp emerged as the top-performing stock from Nifty Auto index and also, managed to close in the top quartile of the range; thus, keep a close watch on this stock.        

ICICI Prudential Life Insurance: 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; therefore, keep a close watch on this stock.     

JK Paper:  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!      

NLC India: 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. Therefore, watch out for the stock!