High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-02-03T14:37:19+05:30

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. 

Ambika Cotton Mills: The stock has surged over 6% on Thursday. It has soared for third straight day and trades near prior swing high. Along with this, it has registered huge volume which is about 10-fold the previous day’s volume. It witnessed a buying interest at lower levels which propelled the stock higher. It has generated over 12% returns in just three trading sessions and continues to trade higher. With the stock already trading at day’s high, we can expect the stock to continue the momentum on the higher side and is likely to be bullish on Friday as well.

Asahi India: The stock has soared nearly 7% and is within the touching distance of its all-time high. Such strong price action is accompanied by rise in volume, which suggests larger participation in the stock. The stock is trading at day’s high, and has greater chances of opening higher tomorrow.

Heromoto Corp: The stock has jumped over 3.5% on Thursday and has crossed its prior swing high. It has formed a strong green candle with long body on the charts. Daily volume has been recorded above average, suggesting increased participation in the stock. The stock was in a consolidating zone and with this huge burst, we can expect the stock to be surging higher tomorrow.

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