52 week high stocks with strong momentum and Fundamentals

52 week high stocks with strong momentum

Stocks at 52 week high from their lows are considered one of the best stocks to trade in. However, few stocks are operator-driven and run very fast to reach their 52 week high, those are not good stocks for retail investors. It is important to understand the fundamentals of the company and the momentum of the stocks before investing. It is not necessary that all the 52 week high breakout stocks are good to invest. Let us find out which are those 52 week high stocks with strong momentum and fundamentals.

Also, read SEBI registered research analyst: is it good to take their stock picks?

Identifying 52 week high stocks with strong momentum

52 week high breakout stocks is the measure of the stock that reaches the highest stock prices within the last 52 weeks or one year. Here is the list of 52 week high stocks that are about to reach their 52-week highs. While choosing these stocks with 52 week high, we have considered the companies with over 500 crore market cap, and a closing stock price above INR 50. While analyzing these stocks, we also included other momentum indicators such as RSI, Super trend, and volume to come out with the final list.

This is not financial advice, please speak with your financial advisor before investing. Also, do research on the company before finalizing any stock to invest. This is an indicative list of 52 week high stocks with strong momentum that may help you to get some ideas.

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New 52 Week High Stocks (15-04-2024)

Stock Name	Symbol	Sector Name	Industry Name	MCap Category	New 52 Week High
Hindustan Zinc Limited	HINDZINC	Non – Ferrous Metals	Metal – Non Ferrous	Large Cap	437.8
Hindustan Aeronautics Ltd	HAL	Other	Defence	Large Cap	3677.55
Petronet Lng Limited	PETRONET	Industrials Gases & Fuels	Industrial  Gases & Fuels	Mid Cap	315.2
Eicher Motors Limited	EICHERMOT	Automobile & Ancillaries	Automobile Two & Three Wheelers	Large Cap	4382.8

Also Read

52 Week High List

52 Week High Stocks Name	Stock Symbol (NSE)	Latest Price (INR)
The Federal Bank Limited	FEDERALBNK	149.85
Tata Coffee Limited	TATACOFFEE	269.75
Sun Pharmaceuticals Industries Limited	SUNPHARMA	1179.35
Sanofi India Limited	SANOFI	7754.35
Indusind Bank Limited	INDUSINDBK	1498.8
Healthcare Global Enterprises Limited	HCG	376.15
Gillette India Limited	GILLETTE	6373.35
Balrampur Chini Mills Limited	BALRAMCHIN	437.5
Axis Bank Limited	AXISBANK	1029.2

What is 52 week high breakout stocks

Stock markets tend to have an upward bias, meaning that a stock reaching a new 52 week high is a bullish indicator. When a stock hits a fresh 52 week high, many traders are eager to buy in and ride the upward momentum. However, these high-flying stocks are also more susceptible to volatility from profit-taking, which can lead to pullbacks.

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Despite the risks, new 52-week highs can be useful for trading strategies. For example, traders may look to buy when a stock breaks above its 52-week high or set stop orders just below this level. Although counterintuitive to some newer investors, seasoned traders know that surpassing the 52-week range shows strong momentum.

Additionally, crossing into a new 52-week high is associated with a spike in trading volume, especially for small and mid-cap stocks rather than large caps. Overall, 52-week highs provide insight into market sentiment and potential areas of support and resistance.

52 Week high breakout stocks list with Chartlink Free Screener

Let us find out how to find out 52 week high breakout stocks with momentum and strong fundamentals using Chartlink free screener. Use the below code in Chartlink to find out stocks with 52 week high. It is easy. Happy investing !!!

( {cash} ( weekly max ( 8 , weekly high ) >= weekly max ( 52 , weekly high ) and latest close <= latest ema ( latest close , 50 ) * 1.05 and latest close >= latest ema ( latest close , 200 ) * 1 and market cap >= 500 and latest close >= 50 and latest rsi ( 14 ) > 60 and weekly close >= weekly supertrend ( 10 , 3 ) ) )

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