Penny stocks: T20 breakout stocks to keep an eye on!

What is the T20 breakout system? It is a list of the stocks that are witnessing the highest volume in the last 20 days along with the ones, whose price closed at a 20-day high.   

Nifty and Sensex witnessed profit booking in the second half of today’s trading session. As a result, both lost 0.53 per cent and 0.48 per cent, respectively.   

Among the sectoral indices, Nifty Realty, PSU Bank, and Pharma ended in green with Nifty Realty leading from the front as it jumped nearly 1.5 per cent. On the other hand, Nifty Media and Metal were the top losers for the day.   

What’s was more heartening is to see the broader market witnessing good buying interest. As a result, Nifty Midcap & Smallcap indices rose by 0.36 per cent and 0.75 per cent, respectively.   

And if you are a market participant, who is actively tracking the penny stocks on the exchange, we have curated a list of the best penny stocks based on the T20 breakout system.   

What is the T20 breakout system? It is a list of the stocks that are witnessing the highest volume in the last 20 days along with the ones, whose price closed at a 20-day high.   

So, here are the stocks: 

Patel Engineering: Despite the benchmark indices reeling under the selling pressure, this stock gained nearly 11 per cent on Thursday. Moreover, it witnessed more than 50 per cent volume in the first half of the trading session and thereafter, moved in a range. Overall, its volume for the day was the highest since August 9.   

PTC India Financial Services: In the initial part of the trading session, the stock did not see much action. It was only in the wee hours of the trading session that the stock witnessed a massive jump in price and volume. This massive volume rush indicates buying interest. Overall, the volume for the day was the highest since July 16.