Penny stocks: T20 breakout stocks to keep an eye on!
Indian benchmark indices ended the last trading session of the week in green with Nifty and Sensex gained 0.59 and 0.64 per cent, respectively. For the week, Nifty ended up by 2.07 per cent and recorded its highest closing on weekly basis.
On the weekly chart, Nifty has formed an inside bar as the week’s range was within the high & low of the prior week. Hence, the high & low of the week would be important levels to watch out in the coming week.
Interestingly, the broader markets outperformed the frontline gauges as Nifty Midcap and Smallcap ended up by 3.42 and 3.68 per cent, respectively.
Considering the buoyant mood of the broader market indices, it would be prudent to check which penny stocks have appeared in the T20 breakout system.
Here is the list:
Ashima: The stock witnessed good action on Friday as the volume and price criteria of the T20 breakout system have matched. Furthermore, the volume activity buoyant throughout the day. Keep a close watch on this stock.
Hindustan Construction Company (HCC): The stock met the criteria of the T20 breakout system and witnessed a trending day. The stock was locked at its upper circuit limit on Friday. Keep a close watch on this stock.
Jaiprakash Power Ventures: The stock met the criteria of the T20 breakout system and witnessed a trending day. The stock was locked at its upper circuit limit on Friday. Keep a close watch on this stock.
Urja Global: The stock met the criteria of the T20 breakout system and got locked at the upper circuit limit for the day. Keep a close watch on this stock.