High momentum stocks to watch for June 2022!

High momentum stocks to watch for June 22!

by 5paisa Research Team Last Updated: Jun 21, 2022, 03:48 PM IST

Looking for stocks that could deliver good returns by June 2022? 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 2022.

Bank of Baroda: The stock has soared over 6% today. The stock has attracted huge buying interest at lower levels and has recorded above average volumes. The stock has formed a bullish candle on the technical chart and is once again trading its 200-DMA. Technical parameters suggest improvement in stock’s strength, and we expect it to trade higher in next trading session.

Bayer Cropscience: The stock surged by 6% on Tuesday. It has strong bounced back from Rs.4700 level and is above its 50-DMA, 100-DMA, and 200-DMA level. Good volumes have been recorded today, which has helped the stock to cross the Rs.5000-mark. With the stock already trading at day’s high, we expect it to open gap-up in next trading session.

Coforge: This IT stock jumped about 6% on Tuesday’s trading session. After a strong downtrend, the stock has finally seen buying interest at lower levels.  It is up nearly 10% from its prior swing low and shows short term bullishness. Above average volumes were recorded lately, and the stock is above its 20-DMA. With such positivity, it is expected to be trading in green on June 2022.

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SENSEX
52,907.93
-111.01 (-0.21%)
Nifty 50
15,752.05
-28.20 (-0.18%)
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114.35 (0.34%)

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