High momentum stocks to watch for October 04

High momentum stocks to watch for October 04

Indian Market
by 5paisa Research Team Last Updated: 2022-10-03T15:17:22+05:30

Looking for stocks that could deliver good returns by October 04? 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 October 04.

VIP Industries: The scrip has registered a breakout from its 10-week cup pattern with good volume on Monday and jumped over 6%. It trades above all its key moving averages and has formed a strong bullish candle on the daily chart. Overall, the stock has strong trend strength and is expected to trade higher in the next trending session as well.

Lupin: The stock has crossed above its prior swing high and has surged nearly 6% during Monday’s trading session. The volumes have been above average for the past 3 days, which indicates active buying interest among the traders. With the stock already trading at a day’s high, we can expect it to open positively in the next trading session.

Zydus Lifesciences: The stock has formed higher highs and higher lows on the technical chart which is a positive sign. It has gained nearly 6% during Monday’s trading session and is above its prior swing high. It is above all its key moving averages and looks extremely bullish for the short term. The volumes are massive, and thus, validate the bullish bias. The stock is likely to see a strong positive move in the next trading session.


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