High momentum stocks to watch

High momentum stocks to keep an eye on!

Indian Market
by 5paisa Research Team Last Updated: 2022-12-09T08:08:25+05:30

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:

Karur Vysya Bank: The stock has jumped nearly 9% amid strong buying interest. It has registered a strong price volume breakout from its consolidation pattern and has hit a fresh 52-week high. The volume recorded has been the highest in many days, and thus indicates strong buying activity. The stock is expected to keep the momentum alive in the next trading session.

JK Lakshmi Cement: The scrip is in strong upward momentum and trades at all-time high levels. It has surged over 6% backed by rising volumes. The volumes tend to be above average from the past few days. The technical parameters indicate extreme bullishness in the stock, and traders can capture this momentum for quick bucks!

Finolex Industries: The scrip confirmed the breakout from its ascending triangle pattern as it soared over 5% on Thursday. It trades above all its key moving averages and displays strong bullishness. With the stock already trading at the day’s high, we can expect it to remain bullish in the next trading session.


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About the Author

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