High momentum stocks to watch for June 24!

Looking for stocks that could deliver good returns by June 24? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Market participants often 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 June 24.

Spandana Sphoorty: The stock has soared by a massive 20% today. With this, it has jumped about 40% in just three trading sessions. The volume recorded on Thursday has been the highest in many months, indicating extreme bullish sentiment among the market participants towards this stock. With such high momentum, we expect it open gap-up in Friday’s trading session.

Hero MotoCorp: The stock surged over 4% on Thursday and is one of the top gainers amongst Nifty stocks. It has crossed above its strong resistance level of Rs 2625 and is above all its key moving averages. The volumes have risen for the third consecutive day and been above average. The stock has made a sharp recovery from lower levels, and it is expected to be trading positively in next trading session.

ABB India: The scrip jumped over 4% in Thursday’s trading session. It bounced back from its 200-DMA with strong volumes and has gained about 9% in just four trading sessions. The volumes have been good, and technical parameters indicate bullishness. With the stock already trading at a day’s high, the stock is expected to open in green on Friday.