T20 breakout stocks: Best swing trading stocks to keep an eye on!
Tuesday’s trading session reminds me of the first match of the second leg of IPL 2021 in UAE, wherein, after the initial collapse, Chennai Super Kings recovered well
Tuesday’s trading session reminds me of the first match of the second leg of IPL 2021 in UAE, wherein, after the initial collapse, Chennai Super Kings recovered well and posted a decent target of above 150 runs. Similarly, the bulls after the initial volatile phase have recovered and logged gains in excess of 150 points.
Interestingly, India VIX, which was raising its ugly head in the first half of the trading session, cooled off from the highs of 18-mark and dropped more than 5 per cent.
Given that D-Street bulls have come back with a vengeance, we anticipate that stock-specific action would continue; hence, we have curated a list of stocks based on the T20 breakout system.
So, here is the list of stocks:
Gujarat Narmada Valley Fertilizers & Chemicals: The stock witnessed a good trending move on Tuesday along with a spike in the volume and that’s why appeared in the T20 breakout system.
Godrej Properties: The stock logged a fresh record high on Tuesday and after witnessing a sharp upmove in the first hour of the trade, it was seen trading within the first hour’s range. Besides, in the dying hours of the trade, the action was again witnessed in the stock.
Himadri Speciality Chemical Ltd (HSCL): The stock has met the criteria of the T20 breakout system. Interestingly, it recorded more than 40 per cent of the volume in the first half of the trading session and also, closed near its day’s high.
KEC International: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and thereafter, traded in the first hour’s candle range.
Oil & Natural Gas Corporation (ONGC): The stock has made its way into the list as it closed above the 20-day high while volumes are higher in the last 20 days. Hence, watch out for the stock!
PVR: The stock had met the criteria of the T20 breakout system and also, witnessed a good trending move on Tuesday.