High momentum stocks to watch for July 05!

High momentum stocks to watch for July 05!

by 5paisa Research Team Last Updated: 2022-07-04T14:54:13+05:30

Looking for stocks that could deliver good returns till July 05? 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 July 05.   

TTK Prestige: The stock has zoomed over 4%. On the technical chart, it made a sharp V-shaped recovery from lower levels and is currently above its prior swing low of Rs 744 by about 15%. It is above its short and medium term MA and has recorded good volumes today. Moreover, it has crossed above its short term resistance level of Rs 840, and the stock is expected to be trading higher in next trading session. 

Siemens: The stock surged nearly 4.50% on Monday. It has registered a breakout from its falling trendline with above average volumes. It trades above all its key moving averages and is inches away from testing its all-time high level. With such positivity, the stock has higher chances of opening gap-up on July 5.

Minda Corporation: The scrip has also gained nearly 4% in Monday’s trading session. It has climbed in 6 out of 7 trading sessions and made a strong recovery from its recent swing low. It trades above all its key moving averages and above average volumes have been recorded lately. It has moved above its 200-level resistance and is expected to trade in positive in next trading session.


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About the Author

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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