High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Jan 06, 2022, 03:05 PM IST

Looking for stocks that could deliver good returns till tomorrow? Here are the High momentum stocks that one must watch out 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.

Delta Corp: The stock has showed great performance today as it has surged over 4.5%, thus outperforming the broader market.  The stock has crossed above its 20-DMA and has turned bullish for short term. Today’s price action is backed by huge volume which indicates active participation in the stock. The stock was seen taking a support of 100-DMA before soaring high. With the stock already trading near day’s high, this stock is a good momentum pick for tomorrow.

Indian Hotels: The stock is seen forming a bullish engulfing pattern today. It has soared about 2.5% and has crossed above its 20-day short-term moving average. The stock has formed a base near 170-level from where it has lifted off. Volumes are on a rise as the stock trades near day’s high. The stock is showing signs of strong momentum and will be in focus for tomorrow.

Page Industries: The stock is up by 1.67% and has hit an all-time high of Rs 42147.  It was displaying strong bullish sentiment in the past 5 days and rising volumes have been recorded in the past few days. The RSI is in bullish territory and indicates strong strength in the stock. The stock is expected to continue the momentum and has higher chances of opening gap-up tomorrow.

SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)
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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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