High momentum stocks to watch for June 10!

High momentum stocks to watch for June 10!

by 5paisa Research Team Last Updated: Jun 09, 2022, 02:48 PM IST

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.

About the Author

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Investment/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.
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SENSEX
53,177.45
16.17 (0.03%)
Nifty 50
15,850.20
18.15 (0.11%)
Nifty Bank
33,642.45
-168.80 (-0.50%)

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