High momentum stocks to watch for October 13

High momentum stocks to watch for October 13

Indian Market
by 5paisa Research Team Last Updated: 2022-10-12T14:56:14+05:30

Looking for stocks that could deliver good returns till October 13? 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 13.

Piramal Enterprises Limited: The stock has been in a sharp downtrend from the past few days but has seen a strong recovery from lower levels. Strong buying activity is quite evident from the rise in volume and the stock has jumped nearly 3% on Wednesday. With the stock already trading near day’s high, we can expect it to open gap-up in next trading session.

City Union Bank: The scrip has made a U-shaped recovery on the daily timeframe from the lower levels. The volumes are rising, and the stock is above all its key moving averages. It has formed a strong bullish candle and is expected to trade higher in next trading session.        

Mazagon Dock Shipbuilders: After a slight correction from its all-time high levels, the stock has bounced back over 5% supported by massive volumes. It has formed a bullish candle and is currently trading near its day’s high.  The trend remains positive, and the stock is likely to see a positive momentum in next trading session.


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