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

Nifty hit a fresh all-time high on Friday and it gained nearly about 1.5 per cent on a weekly basis. The broader markets were seen outperforming the frontline indices on Friday with Nifty Midcap 100 & Smallcap 100 ending up by 1.06 per cent and 0.77 per cent, respectively.  

Considering that the broader markets continue to outperform the frontline gauge, we expect stock-specific action to continue on D-Street.   

So here is the list of stocks that one could keep on their watch list for swing trading: 

Hindustan Aeronautics Ltd (HAL): The stock is meeting the criteria of T20 breakout as it has witnessed a breakout of 20-day high and also, recorded the highest volume seen in the last 20 trading sessions.   

HDFC Asset Management (HDFCAMC): The stock has recorded its highest single-day volume after July 22 and witnessed one of the strongest bullish candles in the near term. Hence, keep a close watch on this stock.   

ICICI Lombard General Insurance Company (ICICIGI): The stock has recorded historic high volumes on Friday and it witnessed a prefect trending day as after opening in green, the stock moved in the same direction throughout the day.

Kajaria Ceramics: After witnessing strong move in the first couple of hours of trade, the stock traded within the range for the entire trading session. Hence, keep a close watch on this stock.

Torrent Power: More than 50 per cent of the volume in the stock was registered in the first couple hours of trade and thereafter, the stock witnessed a rangebound move. Hence, keep a close watch on this stock.