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

We bring you a list of penny stocks that have met the criteria of the T20 breakout system. So, here are the stocks:   

Nifty and Sensex advanced by 0.74 per cent and 0.75 per cent, respectively on Tuesday. Indian markets started off the session with a negative bias; however, traders yet again adopted a buy-on-dips strategy and in the end, the index closed near its day’s high.   

The broader markets too witnessed buying interest and moreover, the action was seen in the penny stocks segment as well. Hence, we bring you a list of penny stocks that have met the criteria of the T20 breakout system.   

So, here are the stocks:   

Genus Paper & Boards: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it closed near the day’s high as it got locked at the upper circuit. Hence, keep a close watch on this stock.   

Hindustan Motors: The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day gain in a long time. Volumes were robust and it has managed to close at the day’s high. Hence, keep a close watch on this stock.  

Kirloskar Electric Company Ltd (KECL): The stock witnessed good action on Tuesday as the volume and price criteria of the T20 breakout system have matched.   

Surana Solar: The stock met the criteria of the T20 breakout system and got locked at the upper circuit limit for the day. Keep a close watch on this stock.