High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Jan 03, 2022, 03:42 PM IST

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 of the 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.

Affle India: The stock has surged over 6% on Monday. It is trading quite bullish and is above all the key moving averages. The stock hit a low of 1030 on December 20 and saw a sharp recovery since then. With this bullish rally, the stock also recorded a rise in volumes. The RSI is still in bullish territory, and one might see the stock trade higher in the upcoming day.

Vinati Organics: The stock rose about 3.2% today. The stock has been trading with good momentum and has gained nearly 9% in just four trading sessions. The volume recorded is four-fold the previous day’s volume which indicates active participation from the market players. Moreover, the RSI at 67 indicates a bullish view. With strong price action accompanied by rising volume, the stock is expected to remain bullish the next day.

Schaeffler India: The stock is up by 3.30% in Monday’s trading session. It is already trading at an all-time high and is extremely bullish. The stock took the support of 20-DMA has been showing an up-move since then. With its strong move, the volume has been rising steadily. As the stock is trading near day’s high, one must not be surprised if it opens with a gap-up tomorrow.

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180.22 (0.34%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
0.00 (0.00%)
Nifty Bank
33,597.60
0.00 (0.00%)

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