High momentum stocks to watch for July 20

High momentum stocks to watch for July 20

by 5paisa Research Team Last Updated: Dec 11, 2022 - 02:30 am 22k Views
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Looking for stocks that could deliver good returns till July 20? 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 20.

Prestige Estate: The stock surged nearly 7% on Tuesday’s trading session. It has been in a steady uptrend and has gained about 26% since its prior swing low of Rs 381. The volume recorded in the past few days has been good and shows strong buying interest among the participants. With the stock already trading near day’s high, the stock is expected to open positively in the next trading session.

Engineers India: The stock is showing extremely bullishness today, having jumped over 5%. It has crossed above its 100-DMA and is up 14% from its prior swing low. The volume recorded on Tuesday has been greater than the 10-day, 30-day and 50-day average volume. Such positivity is expected to keep the stock trade higher.

Escorts: The bull run of the stock continued Tuesday as it soars over 5%. It has made a sharp V-shaped recovery on the technical chart and has gained about 35% from its prior swing low. The volume recorded today is huge and is about 8 times the previous day’s volume. The stock is likely to trade with positivity in the next trading session.

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