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.     

Nifty and Sensex gained 0.76 per cent and 0.75 per cent, respectively on Monday. Nifty started off the session with a gap-up but thereafter, it made an attempt to move higher and made a fresh all-time high of 18,543.15. However, in the latter part of the trading session, profit booking emerged from the higher levels. As a result, Nifty trimmed nearly 65 points from the day’s high.   

The broader markets witnessed buying interest and 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:     

Burnpur Cement: 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.    

Punjab & Sind Bank (PSB): 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 while the stock managed to close at the day’s high. Hence, keep a close watch on this stock.