High momentum stocks to watch for July 12!

High momentum stocks to watch for July 12!

by 5paisa Research Team Last Updated: 2022-07-11T14:58:21+05:30

Looking for stocks that could deliver good returns till July 12? 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 12.

Indian Bank: The stock has surged over 5% on Monday. It is undergoing extreme bullishness and has surged over 12% in just three trading sessions. The volumes are above average lately, indicating active participation in buying the stock. Moreover, the stock trades above all its key moving averages. The bullishness is expected to continue in next trading session as well, and you can expect good gains in times to come.

Power India: The stock has soared over 6% on Monday’s trading session. It has seen strong buying interest at lower levels and has surged about 22% since the last time its tested its 200-DMA. Moreover, the volume is found to be huge and strong buying interest is seen. It has crossed above the 61.8% retracement level of the prior downtrend, and we expect the stock to open positively in next trading session.

Exide Industries: The scrip has jumped over 4.50% on Monday’s trading session. The stock has made a V-shape recovery and has jumped over 15% in recent times. It is above its prior swing high of Rs 150 and has registered good volumes. It has formed a strong bullish candle on the technical chart ,and with the stock trading already at day’s high, we expect it open gap-up in next trading session.

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About the Author

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