High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-02-08T15:11:32+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.      

Gujarat Alkali and Chemicals: The stock has surged about 4% on Tuesday. It is extremely bullish and has delivered over 15% returns in just five trading sessions. Over the period, the stock has recorded above-average volume, indicating larger participation in the stock. Considering ongoing bullishness, the stock is expected to continue the momentum and surge higher the following day.

Bharat Earth Movers Limited: The stock has gained over 1% today and has crossed above its 20-DMA. Interestingly, it has shown an amazing recovery from lower levels today and has recorded twice yesterday’s volume. The stock is trading near the day’s high and has greater chances of opening higher tomorrow.

Suven Pharma: The stock is trending strong and has jumped about 13% in just six trading sessions. It has rallied about 2% today and has recorded volume greater than 10-day and 30-day average volume during the process. The stock is within the touching distance from its all-time high. Traders can expect the stock to be trading higher tomorrow considering the performance of very short term.

 

Also read: This BSE 500 stock has rallied 266% in the last 1.5 years!


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