High momentum stocks to watch for Monday!

High momentum stocks to watch for Monday!

by 5paisa Research Team Last Updated: 2022-04-07T15:06:34+05:30

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

Many of the time 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 Monday.

Ease my Trip: The stock has soared over 4% today. In the past four trading sessions, the stock has surged over 22% and has recorded huge volume during the process. The With this, it has hit a fresh all-time high today. This bullish momentum is expected to continue tomorrow as well.

ICICIGI: The stock has surged over 2% on Thursday. In the past six trading sessions, it has gained over 10%. Moreover, the volume recorded today is above average and is greater than 10-day and 30-day average volume. With strong price structure and bullish technical parameters, we expect the stock to remain bullish tomorrow as well.   

Naukri: The stock has soared about 2% on Thursday’s trading session. It has crossed above its prior day’s high and has recorded good volume. Since its recent swing low, the stock has gained over 10%. With the stock already trading at a day’s high, we expect the stock to open gap-up tomorrow.

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