T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty extended its fall for the third straight day on Thursday as it plummeted by nearly 1 per cent. At one point in the day, the index slipped below its 20-DMA on an intraday basis; however, recovery in the last leg of the trade, helped the index to end the day above 20-DMA. Infosys and Reliance Industries were the major culprits of Thursday’s fall.
Among the sectoral indices, barring Nifty Metal and Nifty Realty, all other indices ended in the red. Nifty IT and Nifty Pharma were the top losers.
The broader market indices were resilient as Nifty Midcap 100 and Smallcap 100 dipped by 0.16 per cent & 0.05 per cent, respectively.
We believe that going forward, stock-specific action would continue to be the name of the game on D-Street and hence, we have selected the best stock for traders as well as investors based on the T20 Breakout system.
Here is the list of stocks:
Andhra Sugars: 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. Therefore, watch out for the stock!
Bharat Dynamics: 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. Thus, watch out for the stock!
Cambridge Technology Enterprises: 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!
Just Dial: 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. Therefore, watch out for the stock!
Kesoram 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. Thus, watch out for the stock!
Kolte-Patil Developers: 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!