High momentum stocks to watch for August 02!

High momentum stocks to watch for August 02!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 07:18 pm 20.1k Views

Looking for stocks that could deliver good returns by August 02? 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 for August 02.   

Rain Industries: The stock soared over 8% on Monday. In recent times, the stock has shot up o er 35% from its prior swing low of Rs 142 and recorded above average volumes. It is above all its key moving averages and is expected to remain bullish in next trading session.

Elgi Equipment: The shares surged over 7% in Monday’s trading session. It broke out from its consolidation pattern and is above all its key moving averages. Interestingly the volumes have risen for third consecutive day, which is a bullish sign. Thus, it is likely to move further on August 02.

Ujjivan Small Finance Bank: The scrip has jumped over 8% today. It has moved above its prior swing high of Rs 20, and registered good volumes. Currently, the stock shows strong business, having jumped over 50% from its prior swing low. With the stock already trading at day’s high, we can expect it to gap-up in next trading session

How do you rate this article?


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.


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.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number