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

Considering the buoyant mood of the broader market indices, it would be prudent to check which penny stocks have appeared in the T20 breakout system.

Indian benchmark indices ended the first trading session of the week with handsome gains. The benchmark indices started with a gap-up and thereafter, never looked back. However, the benchmark indices came off from the day’s high but ended the day up by nearly 1 per cent.   

The broader market indices extended their upmove on Monday as they outperformed the frontline gauge with Nifty Midcap 100 & Smallcap 100 rising by 1.59 per cent and 1.56 per cent, respectively.   

Considering the buoyant mood of the broader market indices, it would be prudent to check which penny stocks have appeared in the T20 breakout system.   

Here is the list: 

Genus Paper & Boards: The stock witnessed good action on Monday as the volume and price criteria of the T20 breakout system have matched. Furthermore, the bulk of the volume in the stock has been witnessed in the second half of the trading session and the stock got locked at its upper circuit limit.    

Peninsula Land: The stock met the criteria of the T20 breakout system and witnessed a trending day. The stock was locked at its upper circuit limit on Monday. Keep a close watch on this stock.