T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty witnessed a follow-through move on Thursday and surpassed yet another milestone of 17,600 while BSE Sensex conquered the important landmark of 59,000.
Nifty PSU Bank jumped more than 5 per cent while Nifty Bank gained over 2 per cent and logged a fresh all-time high on Thursday. On the other hand, Nifty Media was the top loser as it lost more than 1.5 per cent.
Interestingly, the stock-specific action continued on D-Street with many stocks witnessing swift move. Thus, we have curated a list of stocks to feature in the T20 breakout system.
Here is the list:
Canara Bank: The stock managed to close near its day’s high while its volume for the day was the highest since the last week of May. Hence, keep a close watch on this stock.
Central Bank of India: 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 witnessed nearly 50 per cent of the volume in the last leg of the trade.
Hero MotoCorp: The stock has met the criteria of the T20 breakout system. Interestingly, it has witnessed good volume in the second half of the trading session and also, closed near its day’s high.
Vodafone Idea: The stock sky-rocketed in today’s session as it jumped more than 25 per cent and also, met the criteria of the T20 breakout system. Hence, watch out!
Indian Overseas Bank: The stock has met the criteria of the T20 breakout system. Interestingly, it has witnessed good volume in the second half of the trading session and also, closed near its day’s high.
ITC: The stock has met the criteria of the T20 breakout system. Interestingly, it had witnessed good volume in the first leg of the session and thereafter, consolidated.
Quess Corp: The stock has witnessed a trending day and closed near its day’s high. Its volume also surged; hence, traders should keep it on their watch list.
Shriram Transport Finance: The stock has met the criteria of the T20 breakout system. Interestingly, it recorded more than 50 per cent of the volume in the second half of the trading session and also, closed near its day’s high.