High momentum stocks to watch for June 10!
Looking for stocks that could deliver good returns by June 10? 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 June 10.
Biocon: The stock has soared nearly 5% on Thursday. Since its recent swing low, it has jumped about 9% in just two trading days. Above average volume was recorded today which shows strong buying interest in the stock. It has surged above its 20-DMA and is expected to remain bullish on Friday.
Bharat Petroleum Corporation Limited: The stock soared over 3% on Thursday. On the technical chart, it has formed bullish candle for the third consecutive day. Moreover, today’s volume is greater than 10-day and 30-day average volumes. With the stock already trading at day’s high, we expected it to open higher in next trading session.
Indraprastha Gas Limited: The stock has soared about 4% in Thursday’s trading session. It made a strong V-shaped recovery on the daily chart and is off by about 7% from its swing low. The technical parameters suggest bullishness and volumes have been good lately, and it is likely to maintain its bullish track for next trading session.
Share Market Today
|Indices Name||Price||Price Change (% change)|
|S&P ASX 200||7056.20||-13.7 (-0.19%)|
|CAC 40||7184.82||-29.08 (-0.4%)|
|Dow Jones||33963.84||-106.58 (-0.31%)|
|FTSE 100||7683.91||5.29 (0.07%)|
|Hang Seng||18078.69||432.91 (2.45%)|
|US Tech 100||13216.81||-47.17 (-0.36%)|
|Nikkei 225||32402.41||-168.62 (-0.52%)|
|S&P 500||4320.06||-9.94 (-0.23%)|
|Gift Nifty||19642.50||12.5 (0.06%)|
|Shanghai Composite||3132.43||47.73 (1.55%)|
|Taiwan Weighted||16344.48||27.81 (0.17%)|
|US 30||33976.00||-73.1 (-0.21%)|
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
The ₹1,201 crore IPO of Sai Silks (Kalamandir) Ltd, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹600 crore while the offer for sale (OFS) was worth ₹601 crore.
- Sep 22, 2023
The ₹730 crore IPO of SignatureGlobal India Ltd, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹603 crore while the offer for sale (OFS) was worth ₹127 crore.
- Sep 22, 2023
Zaggle Prepaid Ocean Services Ltd had a literally flat listing on 22nd September 2023, listing exactly at the IPO price and then trending lower from the listing price. The closing price on 22nd September 2023 was not just below the IPO price, but also below the listing price of the day.
- Sep 22, 2023