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

Here is the list of stocks:  

The Indian benchmark indices started off the week on a cheerful note amid a sharp surge in the stock prices of HDFC twins. HDFC twins opened with a huge gap-up on Monday on the back of news that HDFC is set to merge with HDFC Bank to create a financial behemoth.   

Nifty settled above the important psychological mark of 18,000 with HDFC twins contributing nearly 250 points to Nifty’s kitty, followed by Kotak Mahindra Bank and ICICI Bank.   

Interestingly, all the sectoral indices ended in the green, led by Nifty Financial Services and Nifty Bank.   

The broader market indices witnessed buying interest with Nifty Midcap 100 and Smallcap 100 jumping 1.64 per cent & 1.66 per cent, respectively.   

Going forward, we believe that stock-specific action would continue in the market. Hence, we have come out with a list of stocks that got featured in the T20 breakout system.   

Here is the list of stocks:  

Adani Ports & Special Economic Zone: 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. Thus, keep a close watch on this stock.     

Godrej Agrovet: The stock met the criteria of the T20 breakout system. The volume activity was quite profound throughout the day with higher high and higher low formation. Hence, keep a close watch on this stock.   

IDFC: 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.    

Indiamart Intermesh: The stock has made its way into the list as it closed above the 20-day high while volumes are higher in the last 20 days. Moreover, it witnessed some good action in the last leg of the trade today. Hence, watch out for the stock!      

LIC Housing Finance: The stock has made its way into the list as it closed above the 20-day high while its volume is higher in the last 20 days. Hence, watch out for the stock!  

Lupin: The stock has made its way into the list as it closed above the 20-day high while its volume is higher in the last 20 days. Hence, watch out for the stock!