High momentum stocks to watch for tomorrow!

high momentum stocks

by 5paisa Research Team Last Updated: 2022-04-18T15:54:36+05:30

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

Many time market 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 tomorrow.       

Chambal Fertilizers: The stock has soared over 3% today. On the technical chart, the stock has formed a strong bullish candle and trades nears its all-time high. Since its recent swing low, the stock has gained over 12% and recorded above average volumes. With such positivity, the stock is expected to be trading in green tomorrow.   

JK PaperThe stock has soared over 8% on Monday. With this, it has hit a fresh all-time high of Rs 387.40.  Moreover, it has recorded rise in volume for fourth consecutive trading session and demonstrates strong trading activity. The volume is greater than the 10-day and 30-day average volume, and we can expect it to continue the upside momentum tomorrow as well.      

BEL: The stock has soared by over 3% in Monday’s trading session. It is undergoing strong bullish momentum as it gained over 25% since its prior swing low. The volumes have risen lately and greater than 10-day and 30-day moving averages. With the stock already at day’s high, we expect it open gap-up tomorrow. 

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