The breakout has been witnessed along with a huge spike in the volumes as the stock has registered highest single-day volume since August 30, 2021. Interestingly, the 14-period daily RSI has honoured the RSI super bullish range Shift rule.

The chart of Nifty is not an encouraging one at all. Having said that, the sharp correction hauled weekly stochastic oscillators towards the oversold territory and we could see some pullback in the markets, considering the oversold nature of the markets. So, we have prepared a list of stocks based on the T20 breakout system that one can keep in their watchlist. 

Certainly, with the relative outperformance from the broader markets, market participants would be looking for some opportunities on the long side and hence, we have come out with a list of the stocks based on the T20 breakout system.   

Another interesting point is that it’s not very usual these days to see pharma stock jumping 8-9 per cent but on Tuesday, Lupin broke this jinx as it soared nearly 9 per cent. Certainly, this might have brought a million-dollar smile to the faces of Lupin investors.