High momentum stocks to watch for on October 19!

High momentum stocks to watch for on October 19!

Indian Market
by 5paisa Research Team Last Updated: Dec 16, 2022 - 04:51 pm 12.1k Views

Looking for stocks that could deliver good returns till October 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 October 19.

Tata Communications: The stock jumped nearly 4% on Tuesday and recorded above-average volumes. It has surged above its prior swing high and is now above all its key moving averages. It has formed a strong bullish candle on the technical chart and is trading at day’s high. With the stock already at day’s high, it is expected to open gap-up in next trading session.

Westlife Development: The scrip has registered a strong price volume breakout on Tuesday. It has hit a fresh 52-week high level on NSE after it soared nearly 5% backed by massive volume. It is consistently trading above 20-DMA, which shows strong uptrend. Overall, the stock is bullish, and we can expect it to open positively in next trading session.

NHPC: The stock formed two consecutive bullish candles on the daily chart. It has surged over 5% today, and currently trades at all-time high. The volumes have been huge lately, which shows strong trading activity. One can expect it to continue its bullish trend in the next trading session after such huge spurt in volume.

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