High momentum stocks to watch for June 20!

High momentum stocks to watch for June 20!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:04 am 24.4k Views

Looking for stocks that could deliver good returns by June 20? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.  

Many market 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 20.

Delta Corp: The stock has skyrocketed over 10% on Friday. After being in a strong trend, the stock has finally seen strong buying interest at lower levels. It has formed a bullish engulfing pattern on the technical chart and has recorded huge volumes. The volume is about 5 times the previous day’s volume. Considering the above points, the scrip is likely to trade higher in next trading session.

Rajesh Exports: The stock surged over 5% during Friday’s trading session.  It has consolidated with a positive bias from the past few days and has finally moved above its 20-DMA. Above average volumes have record recently, which emphasises strong buying momentum. With this, the stock has higher probability on being bullish in next trading session.

VIP Industries: The stock has soared about 2.50% in Friday’s trading session. It made a V-shaped recovery on the technical chart and is above its 20-DMA and 200-DMA. Moreover, it has gained about 16% in the past four trading sessions, justifying its strong momentum. The volumes have been good recently and buying interest is expected to continue. Thus, we expect the stock to maintain its positivity in next trading session.

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