High momentum stocks to watch for August 09! 

High momentum stocks to watch for August 09! 

Indian Market
by 5paisa Research Team Last Updated: 2022-08-08T14:52:16+05:30

Looking for stocks that could deliver good returns till August 09? 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 09.

Mahindra Holidays & Resorts India Ltd: The stock surged nearly 8% in Monday’s trading session. It has crossed above its prior swing high level of Rs 244 and has also recorded above average volumes. Interestingly, the volume has risen for third consecutive day, and shows strong buying interest at lower levels. It has formed a strong bullish candle on the chart and is expected to continue its upward journey in next trading session as well.

Siemens LtdThe stock jumped over 4% on Monday. It is back to its lifetime high level after falling initially. In the past 3 trading sessions, the stock has jumped over 6% and recorded good. The volume has been good lately, and technical parameters indicate bullishness. With the stock already at its day’s high, it is likely to open gap-up in next trading session.

HFCL: The scrip climbed over 5% in Monday’s trading session It has retraced over 61.2% of its prior downtrend. It has crossed over its prior swing high and 200-DMA, it recorded huge volumes as well. Such positivity is expected to take the stock higher in next trading session.

   

 


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