High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Jan 28, 2022, 02:52 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.

Bata India: The stock has surged over 5% on Friday. It has formed a strong bullish candle and trades near prior swing high. The stock has witnessed huge buying interest near its 20-DMA which has propelled the scrip higher. With above-average volume being recorded in the past few days, the stock is expected to keep the bullish momentum alive and gap up next week.

Gujarat Pipapav Port Limited: The stock has soared over 7% on Friday and has crossed its 20-DMA. It had formed a base near Rs 92 and has bounced back since then. Moreover, a huge volume has been recorded today which is about 4 times the previous day’s volume. With buying interest observed throughout the day, the stock is likely to open higher on Monday.

Tata Chemicals: The stock has ascended nearly 4% and is trading at a day’s high. Strong buying interest was seen at Rs 900 level from which the stock has shot up about 6%. It has formed three consecutive bullish candles on the technical chart. With this strong price action, the stock has recorded above-average volume, which hints towards larger participation. Thus, the stock is likely to continue the momentum next trading day.

SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
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60.15 (0.38%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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