High momentum stocks to watch for Monday!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-04-29T16:31:37+05:30

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

Many times 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.

MRPL: The stock has soared by 6% today. In the last three trading sessions, the stock has gained about 15% and recorded huge volumes. With this, it has hit a fresh 52-week high and shows strong bullishness. This bullish momentum is expected to continue tomorrow as well.

Indian Hotels: The stock has surged over 4% on Friday. Since its prior swing low of Rs 229, the stock has gained about 13% in a short period. The price action is accompanied by above-average volume which is found to be greater than 10-day, 30-day and 50-day average volumes. With buying interest emerging in the stock, we expect the stock to trade higher tomorrow.

Amber Enterprises: The stock jumped about 3% on Friday’s trading session. It was hugely volatile as it swung at both ends. It received strong buying interest at lower levels and the stock shot up about 6% from its intraday low. With this, it has crossed above its short term resistance and recorded good volumes. On the technical chart, the stock shows no signs of halting and is expected to trade higher on Monday.

 

Also read: 5 BTST/STBT Stocks for Today April 29, 2022


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