High momentum stocks to watch for August 03!

High momentum stocks to watch for August 03!

Indian Market
by 5paisa Research Team Last Updated: 2022-08-02T14:43:38+05:30

Looking for stocks that could deliver good returns till August 03? 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 03.

Jk Tyre: The stock has climbed over 7% and has registered a breakout from its consolidation pattern with heavy volume. The volume is greater than 10-day, 30-day and 50-day average volume. With this, it has also soared over its 200-DMA. Such positivity is expected to take the stock higher in the next trading session.

Avanti Feed: The stock surged over 6% during Tuesday’s trading session. In the past two trading sessions, it has jumped about 13% and recorded above average volumes. It is above its prior swing high, which is a bullish sign. Moreover, the stock has soared over its 200-DMA and is likely to trend upwards on Wednesday.

IRB Infra: The scrip has jumped over 7% today. After consolidating for about 16 trading sessions, the stock has finally seen an upmove as it soars over all its key moving averages. It has recorded above average volume, which indicates strong buying interest among the participants. With the stock already trading at day’s high, we can expect some good move in next trading session.


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