T20 breakout stocks: Best swing trading stocks to keep an eye on!
Nifty opened the session on a flat note and thereafter, made an attempt to move higher but profit booking emerged at higher levels; thus, the index slipped lower to make a low of 17,964.40. However, the dip in the index was bought in and the index staged a smart recovery to make an intraday high of 18,081.25. In the end, the index closed at 18,055.75. Overall, the market breadth was tilted in favour of bears as the broader markets underperformed the frontline gauge.
Interestingly, the index moved in a range of 116 points, which was the narrowest in the last seven trading sessions; as a result, the index has formed an NR7 bar.
Among sectoral indices, Nifty Energy and Nifty IT were the top two gainers while on the flip side, Nifty Metal & Nifty FMCG turned out to be the top losers.
Going ahead, we are going to witness a stock-specific action in the market and hence, we have come out with a list of stocks based on the T20 breakout system.
So, here is the list of stocks:
Adani Ports and Special Economic Zone
Coffee Day Enterprises
Motherson Sumi Systems
Texmaco Rail and Engineering