High momentum stocks to watch for 09 June!

High momentum stocks to watch for 09 June!

by 5paisa Research Team Last Updated: 2022-06-08T16:57:26+05:30

Looking for stocks that could deliver good returns till June 09, 2022, Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Many market 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 June 09.

Thyrocare Technologies Ltd.: The stock has surged over 1.25% on a weak market day. It has risen for third consecutive day and has gained about 9% during this period. Moreover, above average volume was recorded, indicating strong buying interest in the stock. It has crossed above its 20-DMA and looks bullish for short term. Thus, the stock is expected to be traded with positive bias.

Oberoi Realty: The stock surged over 2% on Wednesday. It witnessed strong buying interest at lower level of Rs 750. It has bounced back multiple times before and today, we it recorded above average volumes which was greater than 10-day and 30-day average volume. It has formed a bullish candle on the technical chart for third consecutive day, and it is likely to be trading higher on Thursday.

TV18 Broadcast: The scrip has skyrocketed over 8% in Wednesday’s trading session. With this, it has crossed above its prior swing high of Rs 43.15. Moreover, huge volume is registered today, indicating a larger trading activity. It is above its 20-DMA, and we expect it to open gap-up in Thursday’s trading session.

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