High momentum stocks to watch for August 22!

High momentum stocks to watch for August 22!

Indian Market
by 5paisa Research Team Last Updated: 2022-08-19T14:42:17+05:30

Looking for stocks that could deliver good returns till August 22? 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 22.

Campus Activewear: The stock surged above its prior swing high and trades at all-time high level of Rs 501. It has soared over 8% in Friday’s trading session. Moreover, the volume has been above average recently, with Friday’s volume being greater than 10-day, and 30-day average volume. It has jumped 15% in the past 3 trading sessions and is likely to keep its upward momentum alive next week.

Ambuja Cement: The scrip is in strong uptrend, having bounced about 10% in just 5 trading sessions. It has crossed above its prior swing high and is above all its key moving averages. Also, the volumes tend to be higher and rising for the past 3 days. Such positivity is expected to take the stock higher in the next trading session.

Zee Entertainment Enterprises Ltd: The stock jumped nearly 3% today, and has crossed above its prior swing high level of Rs 260. The volume recorded today is huge and indicates strong buying interest at lower levels. The stock has formed strong bullish candle on the technical chart, and is likely to trend positivity in next trading session.

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