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

Majority of the sectoral indices ended in the green, led by Nifty Metal, which jumped nearly 5 per cent

The Indian markets opened Monday’s session with a gap-down opening, tracking weak cues from the global markets as the market participants remained cautious on the Russia-Ukraine tussle news flow.  

Nifty made a low of 16,356.20 in the first half an hour of the trade. However, buying interest was seen at these levels and the index staged a breathtaking recovery. Nifty recovered nearly 450 points from the day’s low and ended near the day’s high, just shy of the 16,800 mark.  

Majority of the sectoral indices ended in the green, led by Nifty Metal, which jumped nearly 5 per cent, followed by Nifty Energy. On the other hand, Nifty Auto, Nifty Bank, and Nifty Financial Services ended in the red.  

The broader market indices also witnessed buying interest with Nifty Midcap 100 and Smallcap 100 advancing 0.97 per cent & 0.59 per cent, respectively.  

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.   

Here is the list of stocks:  

Eveready Industries India: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first half of the trading session and the volume activity was also quite profound during that time. Hence, it demands attention!     

Hindalco Industries: The stock was among the top-performing stock from Nifty Metal index. Moreover, it witnessed a breakout of the Cup & Handle pattern. Hence, keep a close watch on this stock.  

Orient Bell: 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!  

Vadilal 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. Hence, watch out for the stock!