High momentum stocks to watch for July 11! 

High momentum stocks to watch for July 11! 

by 5paisa Research Team Last Updated: Dec 13, 2022 - 03:03 am 22.3k Views

Looking for stocks that could deliver good returns by July 11? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model. 

Many market 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 11.   

Uflex: The stock soared nearly 4% on Friday. It has registered a strong breakout above the level of the prior swing high level of Rs 600. The volumes are high and good participation has been seen. In the past two days, the stock has jumped about 8% and is above all the key moving averages. Thus, bullish expectations are set for the next trading session.

Sundaram Fasteners: The shares surged over 2.5% in Friday’s trading session. For the three continuous sessions, the stock has jumped over 6% and recorded above-average volumes, indicating strong buying interest among the market participations. Moreover, it is inching towards its prior swing high of Rs 810. The stock is expected to do well in the next trading session.

CarTrade: The scrip has jumped over 4% today. On the technical chart, it has made back-to-back strong bullish candles and has soared about 11% during this period. Good volumes have been seen and we expect it to remain bullish for next trading session.

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