High momentum stocks to watch for Tuesday!

High momentum stocks to watch for Tuesday!

by 5paisa Research Team Last Updated: 2022-05-30T14:41:39+05:30

Looking for stocks that could deliver good returns by Tuesday? 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 Tuesday.

Gujarat Ambuja Exports Limited: The stock has soared nearly 12% today. In the past three days, it has gained about 17% and recorded above average volumes. With this, it is inching near its prior swing high. The technical parameters indicate bullishness, and it is expected that the stock shall continue its momentum on the higher side.

KPIT Technologies: The stock soared over 6% on Monday. On the technical chart, it demonstrates a short-term uptrend as it has jumped about 15% since its prior swing low. The stock has attracted strong buying interest at lower levels and is currently trading at a day’s high. Thus, we expect it to trade higher in the coming days.

DLF: The stock has soared about 6% on Monday’s trading session. It has seen a strong recovery from lower levels and has surged past 20-DMA. It has surged about 10% in just three days and recorded huge volumes during this process. The stock is trading at a day’s high, and it is likely to maintain its bullish track.

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