High momentum stocks to watch for August 17

High momentum stocks to watch for August 17

Indian Market
by 5paisa Research Team Last Updated: 2022-08-16T15:07:21+05:30

Looking for stocks that could deliver good returns by August 17? 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 17.

Apollo Tyres: The scrip is undergoing a strong bullish trend, having soared by over 10% in just 3 trading sessions. Today, the stock has gained over 5% and recorded above-average volume. It is above all its key moving average and is trading at the prior pivot We expect it to remain on its bullish track for the upcoming trading session.

KSB: Shares of KSB hit a 52-week high at Rs 1809 level. It has surged over 5% today and recorded above-average volume. Moreover, it has jumped over 17% in 4 trading sessions, signifying strong buying at current prices. With the stock already trading at a day’s high, it is expected to open gap-up in the next trading session.

PCBL: The stock has climbed over 4% in Tuesday’s trading session. It has soared higher after registering a breakout from its double bottom pattern a few days back. Volumes have been recorded to be more than 10-day and 30-day average volume. It has crossed above its prior swing high of Rs 127 and is at its day’s high. We expect it to gain traders’ attraction in the next trading session.

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