High momentum stocks to watch for Monday!
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 market participants see a stock opening with a gap-up and wish they had 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.
Godrej Industries: The stock has zoomed over 9% today. Since its prior swing low, it jumped over 15% in just two trading sessions. Today, the scrip has recorded more-than-average volume and is about 50 times the previous day’s volume. With such high-volume trading, it is displaying strong bullishness as per the price structure. Thus, we expect to it be bullish the next day.
Whirlpool: The stock surged over 7% on Friday. In the past two trading sessions, it climbed about 18% and sees a strong recovery. It is above its short term resistance level of Rs 1580 and continues to trade at day’s high. The volumes are strong, and the stock is expected to be trading higher.
EID Parry: The scrip has skyrocketed over 5% in Friday’s trading session. After finding a support at Rs 480, the stock has seen a strong buying interest at lower levels. The volumes have been huge lately and approaching its all-time high level. With two big green candles on the technical chart, the stock is expected to gap-up in next trading session.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 8022.41 | -0.85 (-0.01%) |
| DAX | 17737.36 | -100.04 (-0.56%) |
| Dow Jones | 37922.34 | 146.96 (0.39%) |
| FTSE 100 | 7895.22 | 12.39 (0.16%) |
| Hang Seng | 16224.15 | -161.73 (-0.99%) |
| US Tech Composite | 15340.38 | -266.12 (-1.71%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 4970.89 | -40.23 (-0.8%) |
| Gift Nifty | 22172.00 | 157 (0.71%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37969.10 | 240.5 (0.64%) |
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