High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-02-16T18:52:04+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.  

Aavas Financiers: The stock has surged about 4% on Wednesday. It witnessed strong buying interest at the lower level and surged above its 20-DMA. The volume recorded today is nearly double the previous day’s volume. With the stock already at day’s high, we can expect a gap-up tomorrow.

Divis Labs: The stock has soared over 3.5% today and is one of the top gainers of Nifty stocks. The stock has attracted buying interest in the past three days, recording above-average volume during the process. It is trading at a day’s high, and traders can expect the stock to go higher tomorrow considering the short term performance.

Blue Star Company: The stock has soared about 4% and has hit a fresh all-time high. It has jumped over 8% in the past two days and is displaying strong momentum on the higher side. Moreover, rising volumes have been recorded in the past three days. The stock is bullish for the near term and is expected to be trading higher tomorrow.


Also read: 5 BTST/STBT Stocks: BTST/STBT Stock list for today February 16

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