High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 15, 2022 - 12:34 pm 37.9k 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.      

Cantabil Retail: The stock has hit a fresh all-time high today and has surged over 4% on Friday. After consolidating for a while, the stock has broken its upper range and continues to soar. Along with this, the stock has recorded above average volume which his greater than 10-day and 20-day average volume. The stock is trading near its day’s high, and we can expect this stock to be trading higher next week. 

Cholamandalam Investment and Finance Company: The stock has soared nearly 5% and has hit a fresh all-time high. The stock has consolidating at higher levels and volumes continued to build. It has recorded about 1.5 times the previous day’s volume and greater than 10-day and 30-day average volume. The stock is showing strong bullish sentiment today and it looks that the stock is likely to open higher on next trading day.

DCM Shriram: The stock has soared nearly 7% today and has attracted huge buying interest from the market participants. The volume is about six times the previous day’s volume and one of the highest in recent times. The stock has taken out its prior swing high and continues to trade at day’s high. With this huge burst, we can expect the stock to be surging higher next trading day.

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