High momentum stocks to watch for October 11!

High momentum stocks to watch for October 11!

Indian Market
by 5paisa Research Team Last Updated: 2022-10-10T15:15:18+05:30

Looking for stocks that could deliver good returns by October 11? 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 11.   

IRCON: The scrip jumped over 5% on Monday despite weakness in the market. With this, it has crossed above its prior swing high level with massive volumes. It has made a V-shaped recovery on the technical chart and is above all its key moving averages. This fresh buying interest is expected to be seen in the next trading session.

CAMSThe stock has seen fresh buying interest emerging at lower levels and has soared nearly 4% today. It has formed a strong bullish candle on the daily chart and is above its prior swing high level. The volume has jumped multi-folds and the stock trades above all its key moving averages. With the stock already trading at the day’s high, we are likely to see a strong opening in the next trading session.

Triveni Turbine: Shares of the company are in a strong medium-term uptrend, having soared over 60% in the past 4 months. On Monday, the stock jumped another 3% backed by above-average volumes. After correcting slightly from its 52-week high levels, the stock has seen strong buying at lower levels, The volumes have been higher latterly, and one can expect it to continue its bullish trend in the next trading session.


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