High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:14 am 40.9k Views

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.

Bajaj Finserv: The stock has surged over 5% on Wednesday and is the top gainer among the Nifty 50 pack. It is trading quite bullish for the last four trading sessions as it gained about nearly 12% during this period. This price action is accompanied by huge volume which is greater than 10-day and 30-day average volumes. The stock has crossed above its 50 and 100-DMA today and is already trading near the day’s high. With such strong bullish sentiment, it has greater chances of opening with a gap-up tomorrow.

Bharat Rasayan: The stock soared over 6% today and is trading near day’s high. The stock trades all the key moving averages. It has gained about 20% in just six trading sessions. Volumes have been on a rise during this period which suggests active market participation in the stock. The stock shows no signs of halting, and it is expected that the momentum will likely continue the next day.

Gland Pharma: The stock of Gland Pharma has given a breakout from its flag-like pattern. The stock has been in a strong uptrend a few days back before consolidating a little. It trades above all the key moving averages and has surged over 2% today. Above averages volumes have been recorded today which confirms the strong uptrend. Also supported by good market sentiment, it has good chances of scaling higher in times to come. One might expect the stock to be trading higher tomorrow as well.

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