High momentum stocks to watch for June 15!

High momentum stocks to watch for June 15!

by 5paisa Research Team Last Updated: 2022-06-14T14:54:34+05:30

Looking for stocks that could deliver good returns by June 15? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model. 

 Market participants often 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 15.     

Shilpa Medicare: The stock has soared by 7% on Tuesday despite weak sentiment in the market. It has crossed above its prior swing high of Rs 438. It also registered huge volumes which is about 30 times the previous day’s volume. With the stock already trading at a day’s high, we expect it to open gap-up next trading day.

Torrent Power: The stock surged over 3 % on Tuesday. It has formed a strong bullish candle on the daily timeframe and recorded above average volume. The volume was found to be greater than 10-day and 30-day average volume. The stock is higher by about 14% from its recent swing low and it is expected to trade higher in coming days.

Kajaria Ceramics: The stock jumped over 2% in Tuesday’s trading session. With this, it has formed morning star pattern on the chart, which is a sign of bullishness. The volumes have been good lately, indicating active participation in the stock. With such positivity, the stock is expected to be bullish next day.


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