High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-02-09T15:26:28+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.

Bharti Airtel: The stock has jumped about 2% on Wednesday. It has found good support at Rs 700 which also happens to be its 50-DMA and 100-DMA. With this strong price action, the stock has recorded above-average volume which is greater than 10-day and 30-day average volume. The stock is already trading at a day’s high with good volumes, it is expected to open with a gap-up tomorrow.

Chambal Fertilizers: The stock has soared over 3% on Wednesday. It was trending throughout the day and traded above the previous day’s high. 100-DMA happens to be a strong support level from which it bounced back. With good volumes being recorded, the stock is likely to continue its momentum on the higher side.

Coal India: The stock has surged nearly 5% and is the top gainer among Nifty stocks. It was in a consolidating range before breaking out on the higher side. This is backed by huge volume which is more than twice the previous day’s volume. The stock trades above its prior swing high and looks bullish for tomorrow.


Also read: 5 BTST Stocks: BTST Stock List for today February 09

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