High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-11T22:51:41+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. 

Hero MotoCorp: The stock has surged over 4% on Tuesday and is one of the top gainers among Nifty stocks. It is extremely bullish and has taken out its prior swing high and is above its 200-DMA after many days. The stock has received larger participation today, as indicated by above average volumes. Considering ongoing bullishness, it is expected to continue the momentum and surge higher the following day.

Eicher Motors: The stock has soared over 4% today and has crossed above all its key short and long term moving averages. It has recorded volumes greater than 30-day and 50-day moving averages during the process. With the stock already at day’s high, we can expect a gap-up tomorrow.

CCL Products: The stock has formed a bullish engulfing pattern and has soared about 4% on Tuesday’s trading session. It has recorded about twice the previous day’s volume and has gained strong momentum lately. It is trading at a day’s high, and traders can expect the stock to go higher tomorrow considering the short term performance.

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