High momentum stocks to watch for Tuesday!

High momentum stocks to watch for Tuesday!

by 5paisa Research Team Last Updated: 2022-06-06T14:55:40+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.

Indoco: The stock has soared over 5% today. It has gained strong momentum in the past few days and has surged over 8% in the last two trading sessions. Moreover, the stock has recorded huge volumes, which are greater than the 10-day and 30-day average volume. With this, it has crossed above its prior swing high. Thus, is expected to continue bullish upside next trading session as well.

Rain Industries: The stock surged by 4% on Monday. Since its prior swing low of Rs 142.25, it has since then surged nearly 25% in a short period. Above-average volumes were recorded, indicating strong buying interest among the market participants. With the stock already trading near day’s high, the stock is expected to open a gap-up next trading session.

Sundaram Finance Ltd.: The stock jumped over 4% on Monday’s trading session. After a strong downtrend, the stock has finally seen buying interest at lower levels. In the past four trading sessions, it has jumped over 25% and recorded good volumes. Thus, we expect it to trade higher in Tuesday’s trading session.

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