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

Karan Dsij
/ Categories: Trending, Mindshare
T20 breakout stocks: Best swing trading stocks to keep an eye on!

Nifty has witnessed one of its most volatile days in the last three trading sessions as its day’s range was around 150 points. Meanwhile, the 10-day average daily range of Nifty is about 147 points.   

Nifty, after opening the day with a positive bias, failed to cross above its prior day’s high and slipped lower to make a low of 17,287. Thereafter, it staged a smart recovery. However, in the end, gains fizzled out as Nifty ended the day with a marginal loss. Despite a weak market breadth and Nifty ending the day in red, there were a number of stocks that have appeared in the T20 breakout system.   

So, here is the list: 

Vodafone Idea: The stock has jumped over 14 per cent on a day when the markets remained volatile. Moreover, it has closed near its day’s high while in the last one hour of trade, the stock witnessed good buying interest. Hence, keep a watch on this stock.   

Indus Towers: The stock has recorded the highest single-day volume since mid-March. Furthermore, it closed near the day’s high, which suggests that the stock was in demand in the last leg of the trade.   

Indian Railway Catering & Tourism Corporation (IRCTC): The stock had witnessed a perfect trending day and also, registered a fresh high on Tuesday. Keep a watch on this stock.  

LIC Housing Finance: The stock had maintained its rhythm of higher high and higher lows throughout the day on the lower timeframe while volume spurt was also witnessed in the last leg of the trade.   

Rail Vikas Nigam Ltd (RVNL): The stock has recorded its highest single-day volume since June 30, 2021. It has witnessed a gigantic surge in the volume in the last hour of trade as the bulk of the day’s volume was registered during that time period.   

Sterling & Wilson Solar (SW Solar): The stock meets the criteria of the T20 breakout system wherein, the price has managed to close above the two-day high and the volume recorded was also greater than the last 20 trading sessions.  

V-Guard Industries (VGuard): The stock has witnessed good price action in the first couple of trades and thereafter, moved in a range. Hence, keep a watch on this stock.   

Voltas: The stock meets the criteria of the T20 breakout system wherein, the price has managed to close above the two-day highs and the volume recorded was also greater than the last 20 trading sessions.  

 

Rate this article:
3.5

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Interviews28-Mar, 2024

Multibaggers28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR