High momentum stocks to watch for July 19!

High momentum stocks to watch for July 19!

by 5paisa Research Team Last Updated: 2022-07-18T14:54:59+05:30 IST

Looking for stocks that could deliver good returns till July 19? 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 19.

Poonawalla Fincorp Ltd.: The stock has registered a breakout from its falling trendline with heavy volumes. It has soared over 7% on Monday and is above all the key moving averages, Interestingly, it has crossed the 38.2% retracement level of the prior downtrend, which is a positive ding. With the stock already trading at day’s high, we expect it continue its momentum upwards in next trading session.

Guj. Ambuja Exports Ltd.: The stock surged over 4.50% during Monday’s trading session. It has crossed above its prior swing high level of Rs 319 and has recorded above average volumes. It is about 48% above its prior swing low and technical parameters also point towards bullishness. It is above all the key moving averages and is likely to open higher in next trading session.

Jubilant Ingrevia: The scrip has jumped over 4% today. It crossed above its prior swing high level of Rs 516 and has been recorded above average volumes from the past two trading sessions. Buying interest has been seen at lower levels and it has jumped about 10% in the last 2 days. With such positivity, the stock is likely to open gap-up on Tuesday.


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