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

Indian markets witnessed a scintillating rally on Tuesday as Nifty and Sensex advanced 0.78 per cent & 0.73 per cent, respectively.   

What was more outstanding was the fact that this upmove ticked all the boxes of a perfect bullish rally wherein, the market breadth was strongly in favour of advances. Participation was seen from the majority of the sectors while India VIX cooled off.   

The broader market indices seem to have got past the stormy cloud as far as Tuesday’s trading session is concerned as it managed to outperform the frontline gauge.   

Considering a strong comeback made from the bulls on D-Street, we have curated a list of stocks, which meet the criteria of the T20 breakout system.   

Bajaj Finserv: Bajaj Finserv meets the criteria of the T20 breakout system. It witnessed good action on Tuesday soon after the news surfaced in the media that it has got SEBI approval for mutual fund business. Moreover, the stock has managed to close around its day’s high and also, marked a fresh all-time high.   

 Bajaj Finance: Bajaj Finance was seen contributing as much as 15 points to Nifty’s kitty on Tuesday. The stock had gained over 3 per cent with an astonishing surge in volumes. The bulk of the price and volume action was seen in the first half of the trading session and thereafter, it was seen consolidating. Hence, keep a close watch on this stock.   

 Linde India: Linde India witnessed a perfect trending day on Tuesday. As after opening higher, the stock moved in the same direction throughout the day and witnessed a strong close as the closing was within the upper quartile of the day’s range.   

 Naukri (Info Edge): The opening price of the stock was the lowest price of the day. Furthermore, the stock closed near its day’s high and is on the verge of witnessing a breakout of 33-week long consolidation pattern.