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

Nobel Prize-winning physicist Niels Bohr once said, “Prediction is very difficult, especially about the future.” And, we believe this holds true for the markets as well. Why we say this is because of the movement of the market, which we came across in today’s session. The market moved all over the place, changing its direction from time to time i.e. full of frequent ups & downs throughout the day! It was a tough trading session for the trend traders and it was no surprise as usually after an outside day, which was formed in the previous trading session, such moves occur.   

Meanwhile, the performance from the broader market indices was relatively stronger than the frontline gauge with Nifty Smallcap 100 adding 0.22 per cent whereas, Midcap 100 index slipped 0.19 per cent.   

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.   

So, here is the list of stocks: 

Alok Industries: This stock has flashed in the T20 breakout system for the second consecutive day. It went up by over 7 per cent and the volume activity was also quite profound in the initial hour as well as the second half of the trading session.   

Central Depository Services Limited (CDSL): The stock met the criteria of the T20 breakout system and witnessed a trending day. The volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.  

CG Power & Industrial Solutions: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session. Hence, keep a close watch on this stock.   

Vardhman Textiles Limited (VTL): The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it managed to close in the top quartile of the range while the volume activity was quite profound in the second half of the day. Hence, keep a close watch on this stock.