High momentum stocks to watch for June 13!

High momentum stocks to watch for June 13!

by 5paisa Research Team Last Updated: 2022-06-10T15:06:39+05:30

Looking for stocks that could deliver good returns by June 13? 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 13.

Solar Industries: Shares of Solar Industries soared over 3% today despite a weak market. It has crossed above its short-term resistance level of Rs 2840 with huge volumes and has formed a bullish candle on the technical chart. Strong buying is seen today which has helped the stock propel higher. Such bullish momentum is expected to continue next week as well.

Aegis Logistics: The stock surged nearly 2% on Friday. In the past two trading sessions, it recorded strong buying interest and surged about 8% during the period. With this, it has crossed above its 20-DMA and 200-DMA with good volumes. The volumes are found to be above average, and we expect the stock to do well in the upcoming trading session.

Trent Limited: The scrip has soared about 2.5% on Friday’s trading session. It witnessed strong buying interest at the level of Rs 1060 and has shot up nearly 5% in two days. Moreover, rising volumes are recorded for the fourth consecutive day, indicating active participation by the market participants. With the stock already trading at a day’s high, we expect to open gap-up in Monday's trading session.

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