High momentum stocks to watch for Thursday!

High momentum stocks to watch for Thursday!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 07:03 am 26.6k Views
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Looking for stocks that could deliver good returns by Thursday? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.    

Many 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 Thursday.    

Polyplex: The stock has soared over 7% today. From its prior swing low of Rs 2091, the stock has jumped over 22% in just 5 trading sessions. Moreover, it has recorded above average volume in recent times, suggesting strong buying interest. The stock has strong technical, and this bullish momentum is expected to continue next trading session as well.    

TTK Prestige: The stock surged by 5% on Wednesday. It has also crossed above its prior swing high of Rs 875 level. On the technical chart, it has surged above its 50-DMA and recorded above-average volume, which is greater than the 10-day and 30-day average volume. With the stock trading near day’s high, the stock is expected to open gap-up next trading session.

Torrent Power: The stock jumped about 4% on Wednesday’s trading session. After a strong downtrend, the stock has finally seen buying interest at lower levels. The volumes have risen lately, and the stock has jumped about 15% since its recent swing low. Moreover, the stock was quite oversold and thus, it is expected to trade higher.

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