High momentum stocks to watch for Wednesday!

High momentum stocks to watch for Wednesday!

by 5paisa Research Team Last Updated: 2022-05-24T15:29:21+05:30

Looking for stocks that could deliver good returns by Wednesday? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model. 

Many participants see a stock opening with a gap-up and wish they should have bought this high momentum stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable high momentum stocks for tomorrow. 

The high momentum stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters, it would flash in our system and as a result, it would help traders to spot the high momentum stocks for tomorrow at the right time!  

Here are the high momentum stocks for Wednesday. 

Phoenix Mills Limited: The stock has soared nearly 3% today. In the past three days, it has gained about 11% and recorded above average volumes. With this, it is inching near its prior swing high. The technical parameters indicate bullishness, and it is expected that the stock shall continue its momentum on the higher side.  

Timken India: The stock soared about 2.50% on Tuesday. On the technical chart, it demonstrates a short term uptrend as it has jumped about 16%. The stock has attracted strong buying interest at lower levels and is currently trading at a day’s high. Thus, we expect it to trade higher in the coming days. 

Asahi India Glass: The stock has soared about 1.5% on Tuesday’s trading session. It has seen a sharp V-shaped recovery from the levels of Rs 380. It has surged about 20% in just two weeks and recorded huge volumes during this process. The stock is trading at a day’s high, and it is likely to maintain its bullish track. 


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*Disclaimer:* Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substant

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