High momentum stocks to watch for on August 19

High momentum stocks to watch for on August 19

Indian Market
by 5paisa Research Team Last Updated: 2022-08-18T14:57:48+05:30

Looking for stocks that could deliver good returns by August 19? 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 August 19.  

La Opala: The stock has formed higher highs and higher lows on the technical chart. It has surged over 5% today and has crossed above its prior swing high. Interestingly, the stock has witnessed rise in volume for three consecutive days, indicating larger participation in the stock. It is trading at day’s high and is likely to continue its bullish momentum forward.  

India Cements: The scrip surged over 5% on Thursday. It registered a strong breakout from its consolidation pattern and has recorded above average volume. It is above all its key moving average and is expected to trade higher in next trading session.

Adani Green: The shares gained over 4% in Thursday’s trading session. It has broken out from its triangle pattern with huge volume. Moreover, it is trading at nearly 50% retracement level of its prior downtrend. It has witnessed strong buying interest at lower levels, which is evident from above average volume. Technically, the stock is quite bullish and is likely to trade higher in the next trading session.


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About the Author

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