High momentum stocks to watch for July 18

High momentum stocks to watch for July 18

Indian Market
by 5paisa Research Team Last Updated: 2022-07-15T15:10:20+05:30

Looking for stocks that could deliver good returns till July 18? 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 18.

Aster DM Healthcare: The stock surged over 6% in Friday’s trading session. For the last 6 trading days, the stock has formed a bullish candle and has recorded above-average volumes. It is above its prior swing highs and is above all its key moving averages. It possesses extreme bullishness and is likely to keep to its momentum alive next week.

Syngene International: The stock jumped 4% on Friday. After falling initially, it witnessed strong buying interest and surged about 5% from its day’s low. The volume has been tremendously high, which indicates strong buying interest. It is above all its key moving average and is likely to open gap-up in the next trading session.

KEC International: The scrip climbed over 3% in Friday's trading session. It is in a continuous uptrend, having gained about 17% in the past three trading sessions. The volumes turned out to be above average, while the stock trades above all the key moving averages. With such positivity, it is expected to trade higher in the next trading session.


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