High momentum stocks to keep an eye on!

High momentum stocks to keep an eye on!

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 687 Views
Listen icon

Looking for stocks that could deliver good returns soon? 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 to keep an eye on.     

Sumitomo Chemicals: The stock registered a breakout from its double-bottom formation with above-average volume. It jumped over 11% and currently trades above all its key moving averages. It has formed a sizable bullish candle on the technical chart and is expected to trend higher in times to come.

Sonata Software: The scrip trades at the breakout level of its 70-week cup pattern. The volume recorded has been the highest in many days. It has marked a fresh 52-week high level and technical parameters indicate strong strength in the stock. With the stock showing no signs to halt, it is expected to open positively in the next trading session.

Cera Sanitaryware: The stock currently trades at its 70-week high level. The volumes have been good lately and suggest strong buying activity. On smaller timeframes, it has broken out from its consolidation pattern. The stock trades at the day’s high, and we expect it to open gap-up in the next trading session given such positivity.

How do you rate this blog?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

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 substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 07 December 2023

Nifty started another session on a positive note around 20950 mark. However, the index consolidated within a narrow range for the entire session as no support was seen from the banking index, and the Nifty ended around the opening levels posting gains of less than half a percent.

Marinetrans India IPO Allotment Status

The IPO of Marinetrans India Ltd opened for subscription on 30th November 2023 and closed for subscription on 05th December 2023. The stock of Marinetrans India Ltd has a face value of ₹10 per share and it is a fixed price issue; with the price already set at ₹26 per share for the IPO. The Marinetrans India IPO has only a fresh issue component with no offer for sale (OFS) portion.

Graphisads IPO Allotment Status

About the IPO of Graphisads Ltd The IPO of Graphisads Ltd opened for subscription on 30th November 2023 and closed for subscription on 05th December 2023. The stock of Graphisads has a face value of ₹10 per share and is a fixed price issue. The issue price for the fresh issue IPO has been fixed at ₹111 per share. The IPO of Graphisads Ltd has only a fresh issue component with no book built portion.