High momentum stocks to keep an eye on 25-May-2023

High momentum stocks to keep an eye on 25-May-2023

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 543 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.             

Affle India: The scrip has jumped 3% on Thursday and is up for second consecutive day. Volumes recorded during this period were above average and greater than 30-day average volume. With this, the stock trades above its key short-term moving averages. It is expected to open positively in the next trading session given the bullishness.           

TD Power Systems: The stock has broken out from its consolidation pattern as it soared 2% during Thursday’s trading session. The technical breakout is backed rising volume which shows good buying interest. All of the moving averages are in an uptrend and the stock has marked a fresh lifetime high. It is expected to see a further upside in times to come.

AMI Organics: The stock is in strong uptrend for near term. On Thursday, it has surged 3% and trades at 52-week high levels. The technical oscillators show rising trend strength, and a strong surge in volume justifies upside momentum. It is expected to attract traders in the next trading session.

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. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Stock In Action: Hindustan Aeronautics Ltd

Movement of the Day: Rationale Behind HAL Stock Surge: The recent spike in Hindustan Aeronautics Limited (HAL) stock can be attributed to the Defence Acquisition Council's (DAC) approval for the acquisition of Light Combat Helicopter (LCH) and Light Combat Aircraft (LCA) Mk 1A. 

Rekha Jhunjhunwala & Association

"India, a land of opportunities, boasts one of the world's most popular stock markets. Within its dynamic landscape, the stock market presents significant potential for wealth accumulation for those who navigate it skillfully. Yet, it's essential to acknowledge the inherent risks; only a select group of accomplished traders consistently achieve profits.

Market Outlook for 05 December 2023

Nifty started the week with a huge gap up post the state election outcome over the weekend. The index extended its upmove at all-time highs and ended the day just below 20700 with gains of a couple of percent.