T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty crossed its prior day high early in the day and had also, registered an intraday high of 17,489.80; however, at higher levels, profit booking was witnessed and this profit booking exuberated as the day progressed. As a result, Nifty not only lost about 300 points from the high point of the day but also, ended the day below the 17,200 mark with a loss of over 1 per cent.
However, the broader markets were resilient with Nifty Midcap 100 ending almost flat while Nifty Smallcap 100 gained 0.82 per cent.
This resilient performance by the broader markets resulted in the advance-decline ratio being in favour of advance. Furthermore, this also signalled that the stock-specific action would continue to be the flavour on D-Street.
Hence, we have come out with a list of stocks based on our T20 breakout system.
So, here is the list:
Vodafone Idea: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the latter part of the trading session. Hence, it demands attention!
KEI Industries: The stock has made its way into the list as it closed above the 20-day high while its volumes are higher in the last 20 days. Hence, watch out for the stock!
La Opala RG: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, the volume activity was quite profound throughout the day. Hence, keep a close watch on this stock.
Polyplex: The stock has made its way into the list as it closed above the 20-day high while its volumes are also higher in the last 20 days. Hence, watch out for the stock!