High momentum stocks to watch for June 30!

High momentum stocks to watch for June 30!

by 5paisa Research Team Last Updated: 2022-06-29T14:53:57+05:30 IST

Looking for stocks that could deliver good returns by June 30? 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 30.

Rajesh Exports Limited: The stock has soared nearly 5% today. It has attracted trader’s attention in recent times, have gained about 20% since its prior swing low of Rs 520. It has crossed above its prior swing high and has registered good volumes. Technically, the stock is bullish, and we expect it to continue its upward journey in next trading session as well.

Grindwell Norton: The stock surged over 3% on Wednesday. On the technical chart, it has formed three strong bullish candles and has jumped about 12% during this period. It has seen good volumes recently and is expected to open gap-up in next trading session considering its momentum.

Coromandel International: The stock has gained about 3% in Wednesday’s trading session. It has registered a triangle pattern breakout today and has recorded heavy volumes. Wednesday’s volume is found to be greater than 10-day and 30-day average volume. It currently trades above all its key moving averages and is overall bullish. Thus, we expect it to be in positive territory on June 30.


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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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SENSEX
60,260.13
797.35 (1.34%)
17,944.25
17,944.25
119.00 (0.67%)
39,461.70
39,461.70
222.05 (0.57%)

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