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

On Tuesday, profit booking was witnessed in the Indian benchmark indices. Nifty closed below the important psychological mark of 18,000 while Sensex ended lower by 0.72 per cent. However, it managed to hold above the important psychological mark of 60,000.   

Talking about the sectoral performance, it was a mixed day with Nifty FMCG and Nifty Energy leading from the front while on the other hand, Nifty Financial Services & Nifty Bank were the Top Losers.   

The broader market indices ended in green with Nifty Midcap 100 jumping over 1 per cent while Nifty Smallcap 100 advancing 0.84 per cent. As a result, the broader market indices outperformed the frontline gauge. Besides, the market breadth was healthy.   

Going ahead, the theme of sector churning and stock-specific outperformance is likely to remain intact and hence, we have come out with a list of stocks that should be on your radar. 

Here is the list of stocks:   

Aditya Birla Fashion & Retail: The stock met the criteria of the T20 breakout system. 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.      

Alok Industries: The stock met the criteria of the T20 breakout system. 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.   

Balaji Amines: 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.   

Mahindra CIE Automotive: 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!   

Union Bank of India: The stock met the criteria of the T20 breakout system. It managed to close in the top quartile of the range. Thus, keep a close watch on this stock.  

Tata Power: 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.