T20 breakout stocks: Best swing trading stocks to keep an eye on!
What a day it has been for the markets as key benchmark indices skyrocketed into uncharted territory and logged fresh all-time highs. Certainly, it was a wonderful Wednesday for the frontline indices but like every story has a twist, Wednesday’s session too had a twist and that was the dismal performance of the broader indices.
Broader indices have been the star performers over the last several months but from the last two trading sessions, there is a change in the fate of broader indices as for the second day in a row, they have been underperforming the frontline indices.
So, let's have a look at the stocks featured in today’s T20 breakout system.
Here is a list of stocks to keep a watch on for swing trading:
Godrej Industries: The stock logged a fresh 52-week high on Wednesday. It witnessed good buying interest along with the bulk of the volume in the first half of the trading session today. As the stock is approaching towards breakout of a flat base pattern, one can keep this stock in watch list.
HDFC: When was the last time you heard about banking heavyweights like HDFC gaining more than 4.5 per cent in a single day? It must have been long back but it seems that the tide has turned for this banking mammoth. The stock contributed nearly half of the gains for Nifty and witnessed huge volumes in the first half of the trading session.
IIFL Wealth Management: The stock marked a fresh 52-week high and buying interest was also visible throughout the trading session, except for the latter hour of the session.
State Bank of India (SBI): The stock has been featured for the second day in a row. Hence, for those, who are holding a long position, can trail stop-loss and keep holding onto the position.