High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Jan 31, 2022 - 02:45 pm 38.2k 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.

Bank of Baroda: The stock has surged over 3% on Monday. It has formed a strong bullish candle and trades near its 52-week high. It has rallied about 15% n just four trading sessions. Moreover, the stock has recorded above average volume during this period. It is already trading near its day’s high which means that the stock is likely to keep the momentum alive and be bullish for next day.

Chalet Hotels: The stock has given a breakout from its downward sloping trending and has surged about 9% after that. Along with this, the stock has recorded huge volume today which indicates attraction of buyers from this stock. With the stock trading near day’s high, it is most likely to gap-up tomorrow.   

Indian Bank: The stock has soared over 5% on Monday. It has surged for fourth consecutive day and has gained about 17% during this period. Moreover, above average volume has been recorded which highlights larger market participation. The stock shows no signs of weakness and is expected to be trading higher next day.

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