T20 breakout stocks: Best swing trading stocks to keep an eye on!
Recovery from the lower levels was the hallmark of Friday’s session as Nifty, after making an intraday low of 17,405.25, recovered nearly 100 points from the day’s low. Despite this sharp recovery and healthy advance-decline ratio, the index could not cross its prior day’s high. Besides, on the lower side as well, the index did not breach the prior day’s low. As a result, the index formed an inside bar on the daily chart. In the end, Nifty, on a provisional basis, closed just above the 17,500 mark.
Talking about the performance of the broader markets, buying interest was quite visible with Nifty Midcap 100 and Smallcap 100 gaining 0.80 per cent & 0.81 per cent, respectively. Among the sectoral indices, Nifty PSU Bank, Nifty Realty, and Nifty Media gained over 2 per cent each.
So, considering the healthy market breadth and outperformance by the broader markets, we have curated a list of stocks that appear in the T20 breakout system.
So, here are the stocks:
Aarti Drugs: The stock had met the criteria of the T20 breakout system. It witnessed good movement throughout the day; however, volume activity was quite profound in the second half of the trading session. Hence, it demands attention!
CG Power & Industrial Solutions: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first half of the trading session and also, saw good momentum in the latter part of the trading session. Hence, keep a close watch on this stock.
Indian Energy Exchange: 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 picked up in the afternoon session. Hence, keep a close watch on this stock.
Suzlon: 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!