High momentum stocks to keep an eye on 22-March-2023

High momentum stocks to keep an eye on!

by 5paisa Research Team Last Updated: Mar 23, 2023 - 10:18 am 191 Views

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.    

Anupam Rasayan: The stock is in a strong short-term uptrend, having surged over 12% in just two trading sessions. The volumes recorded are multifold and show strong buying sentiment in the stock. Interestingly, the short-term MA has crossed above its long-term MA and indicates short-term positivity. It is expected to trend higher in times to come given such bullishness.          

Linde India: The scrip surged nearly 3% on Wednesday and has formed 5 consecutive bullish bars on the technical chart. The volumes remained good, and the stock has also surged above the 61.8% retracement level of its prior downtrend. With the stock showing no signs to halt, it is expected to open positively in the next trading session.

AGI Greenpac: The stock has surged over 5% today backed by massive volumes. It currently trades at the breakout level of its 27-week cup pattern and near its 52-week high levels. Also, all the key MAs are pointing upwards, thus showing bullishness across all timeframes. With such renewed buying interest, the stock is likely to see a good upmove in times to come.

How do you rate this blog?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

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
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Nifty Outlook for 9 June 2023

Our markets started the day on a positive and continued the positivity in the first hour of the trade. Nifty rallied towards 18800 but fell short to reach the level and it witnessed selling in the later part of the day. The index finally ended the day below 18650 with a loss of about half a percent.

  • Jun 08, 2023
Nifty Outlook for 8 June 2023

Post consolidating in a range for the last few days, Nifty resumed its uptrend and rallied higher led by broader market participation. The index surpassed the 18700 mark and ended well above that with gains of around seven-tenths of a percent.

  • Jun 07, 2023
Bearer Cheque

Introduction A bearer cheque is an efficient and adaptable financial tool. It is a method of payment where the cheque is made out to the owner or bearer of the document. Bearer cheques enable the holder to cash or deposit the cheque without any requirement for identification or endorsement, in contrast to other cheques payable to a specific person or business.

  • Jun 06, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number