High momentum stocks to watch for June 21!

High momentum stocks to watch for June 21!

by 5paisa Research Team Last Updated: 2022-06-20T18:51:20+05:30

Looking for stocks that could deliver good returns till June 21? 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 21.

Suprajit Engineering: The stock has zoomed over 2% despite weaker market sentiments. On the technical chart, it has been consolidating in a narrow range but has jumped from its lower limit. The volume is found to be greater than 10-day and 30-day average volumes, and we expect it to break out from its upper trading limit on Tuesday.

Apollo Hospitals: The stock surged nearly 2% on Monday. With this, it has crossed above its prior swing high of Rs 3775. Also, it has moved above its 20-DMA and has recorded good volumes. It is up about 7% in two trading sessions and is likely to continue its bullishness on June 21.

HDFC Bank: The scrip has gained over 2% in Monday’s trading session and is one of the top gainers from Nifty stocks. Interestingly, the stock has formed strong bullish candles and has surged over 4% in two days. It has registered rising volumes lately, indicating an active buying interest in the stock. With this, the stock is expected to trade higher on Tuesday.


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