T20 breakout stocks: Best swing trading stocks to keep an eye on!
These stocks are selected based on the T20 breakout system criteria.
Indian markets witnessed a roller-coaster ride on Friday as early in the day, the benchmark indices scaled to a fresh all-time high with Nifty almost touching the level of 17,950 while BSE Sensex jumped above the important psychological mark of 60,000. However, as the day progressed, the indices trimmed their gains to settle with modest gains.
The broader markets underperformed with Nifty Midcap 100 slipping by 0.78 per cent, while Nifty Smallcap 100 added 0.12 per cent.
Let’s have a look at the stocks that should be on your watchlist for swing trading purposes. These stocks are selected based on the T20 breakout system criteria.
Affle (India): The stock outperformed the benchmark indices as well as the broader indices. It has recorded its highest single-day volume since August 12. Volumes were robust and it managed to close in the top quartile of the range. Hence, keep a close watch on this stock.
Asian Paints: The stock witnessed good action on Friday as the volume and price criteria of the T20 breakout system have matched.
Tata Chemicals: The stock jumped over 4 per cent and recorded its highest single-day volume since August first week. Moreover, the bulk of the volume was witnessed in the first half of the trading session, and thereafter, the price remained in a capped range. Keep a close watch on this stock.