High momentum stocks to watch for July 01!

High momentum stocks to watch for July 01!

by 5paisa Research Team Last Updated: Dec 15, 2022 - 07:36 am 23.2k Views

Looking for stocks that could deliver good returns by July 01? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Market participants often 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 July 01.

Zydus Wellness: The stock has soared nearly 4% on Thursday. It has gained strong momentum lately and is up by about 10% from its prior swing low. Moreover, the volume recorded today has been above average, indicating active buying interest. The stock is above all its key short and medium term MA and is expected to trade positively in Friday’s trading session.

Proctor and Gamble Health Ltd.: The scrip surged over 6% on Thursday’s trading session. It has attracted good volumes today, and has soared above 20-DMA, 50-DMA and 100-DMA. Strong buying interest has emerged at lower levels and it is expected to be traded with positivity in next trading session.     

Bajaj Electricals: Shares of the company jumped over 3% in Thursday’s trading session. The stock is in steady uptrend, having gained about 16% in nine trading sessions. Interestingly the volumes have risen for fourth consecutive day and shows increasing buying interest. With the stock already trading at its day’s high, we expect it to open gap-up on July 01.

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