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 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.
EPL: The stock has zoomed over 3% today. In the last two trading sessions, the stock has attracted good volumes and has jumped over 5%. With this, it is above its short-term resistance level of Rs 168 and has also crossed above its 50-DMA. The stock is picking up pace and we expect to it be bullish on Monday.
Finolex Industries: The stock surged over 2% on Friday. Since its prior swing low of Rs 138, the stock is up 17% in just six trading sessions. It is above 20-DMA and 50-DMA and has recorded above average volumes. The stock has formed a strong bullish candle on the technical chart, and the stock is expected to be trading higher.
Vinati Organics: The scrip has gained over 1% in Friday’s trading session. Interestingly, the stock has formed strong bullish candles lately and has surged over 10% from its 20-DMA in just four trading sessions. Moreover, the stock has recorded good volume today. With this, the stock is expected to continue its bullish momentum for next week.
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DisclaimerInvestment/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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