High momentum stocks to watch for July 21!

High momentum stocks to watch for July 21!

Indian Market
by 5paisa Research Team Last Updated: 2022-07-20T16:42:20+05:30

Looking for stocks that could deliver good returns till July 21? 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 21.

Aavas Financiers: The stock continued its upward journey on Wednesday and has jumped over 9%. In the past two days, the stock has climbed 15% and registered above average volume. The volume rose for fourth consecutive day and is above its prior swing high. With its strong bullishness, we expect it to open gap-up tomorrow.

L&T Technology Services: The stock has soared over % in Wednesday’s trading session. It has been in demand since 4 trading sessions, as it soared over 9% during the period. Moreover, the volumes tend to be greater than 10-day and 30-day average volume, justifying the buying interest. It has crossed above its 50-DMA and is likely to trend upwards in next trading session.

Cyient: The scrip has jumped 4.50% in Wednesday’s trading session. It has crossed above its prior swing high of Rs 792 level and recorded good volumes. After forming a double bottom, it saw good buying interest at lower levels and has shown good strength. Overall, the stock is trending bullish, and is expected to trade higher in next trading session.


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