High momentum stocks to watch for July 06!

High momentum stocks to watch for July 06!

by 5paisa Research Team Last Updated: Dec 15, 2022 - 02:27 pm 23k Views

Looking for stocks that could deliver good returns by July 06? 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 06.

AstraZeneca Pharma: The stock soared nearly 7% on Tuesday. It gained strong momentum on July 5 and has crossed above its key moving averages. The volumes recorded are huge and are greater than 10-day, 30-day and 50-day average volumes. With the stock trading at a day’s high, it is expected to maintain its bullishness in the next trading session. 

Teamlease: The scrip surged over 4% on Tuesday’s trading session. It has attracted good volumes today and it has soared above 50-DMA. Interestingly, the stock witnessed strong buying and has jumped about 18% from its recent swing low. Such positivity is expected to continue in the next trading session.

Asahi India Glass Ltd: Shares of the company jumped over 6% in Tuesday’s trading session. The stock is in a steady uptrend, having gained about 38% from its recent swing low. Moreover, it has crossed above its short-term resistance level of Rs 560. The volumes recorded were huge in the past few trading session, and we can expect a good move from here on.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


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. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
BSE to Discontinue Stop Loss Market Orders for All Segments from October 9

Bombay Stock Exchange (BSE) has announced the discontinuation of Stop Loss Market (SL-M) orders, effective from October 9. This decision follows a recent incident involving a "freak trade" triggered by an SL-M order, which led to concerns within the trading community. The aim is to prevent erroneous order placements, whether they result from manual or algorithmic trading.

  • Oct 03, 2023
Valiant Laboratories IPO: Closing subscription details

Valiant Laboratories Ltd has a face value of ₹10 per share while the price band for the book building IPO has been set in the band of ₹133 to ₹140 per share. The final price will be discovered within this band, through the process of book building. The fresh issue portion entailed the issue of 1,08,90,000 shares (108.90 lakh shares), which at the upper price band of ₹140 per share will translate into fresh issue size of ₹152.46 crore.

  • Oct 03, 2023
Saakshi Medtech IPO: Listing day Update

Premium listing for Saakshi Medtech and Panels Ltd, then hits upper circuit Saakshi Medtech and Panels Ltd had a strong listing on 03rd October 2023, listing at a premium of 50.52%, and subsequently hitting the 5% upper circuit on

  • Oct 03, 2023