T20 breakout stocks: Best swing trading stocks to keep an eye on!
The market breadth was extremely positive
What a day it has turned out to be for the Indian equity markets as both Sensex and Nifty logged a fresh all-time high on Thursday. The Sensex and Nifty have gained more than 1.5 per cent with Nifty crossing the landmark level of 17,800, while Sensex is inching closer to the important psychological mark of 60,000.
The market breadth was extremely positive. The broader markets too participated in the rally with Nifty Midcap up by 1.5 per cent and Smallcap added 0.81 per cent.
Given the fact that the markets are now past one of the major global key events like US Fed policy, we expect the positive momentum to continue in the markets. And, hence, we have chalked down the list of stocks that appear in the T20 breakout system.
So, here is the list.
Dilip Buildcon (DBL): The stock has met the criteria of the T20 breakout system. Interestingly, it recorded more bulk of the volume in the latter part of the trading session.
Godrej Industries: 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. Moreover, the stock has closed near the day’s high. Hence, watch out for the stock!
NBCC: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and it also saw good momentum in the latter part of the trading session. Hence, demands attention.
United Spirits (Mcdowell): The stock jumped over 7 per cent and recorded its highest single-day volume since August 18. Hence, keep a close watch on this stock.
Piramal Enterprises (PEL): The stock jumped over 5 per cent and recorded its highest single-day volume in almost the last one month. Hence, keep a close watch on this stock.
Tata Motors: The stock witnessed good action on Thursday as the volume and price criteria of the T20 breakout system have matched.
RBL Bank: Nifty Bank surged more than 2 per cent on Thursday and with this, the stock from the Banking index has appeared in the T20 breakout system. It has witnessed a trending day. Furthermore, it closed near the day’s high; hence, keep a close watch on this stock.
Welspun India: The stock met the criteria of the T20 breakout system and it witnessed a trending day. Furthermore, it closed near the day’s high; hence, keep a close watch on this stock.
Note: There were some more stocks in the list, however, we have not mentioned them as they were a repeat of the prior’s day list.