High momentum stocks to watch for tomorrow!

resr 5paisa Research Team 9th December 2022 - 01:22 am
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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.

Page Industries: The stock has surged over 3% on Thursday. It is trading higher for the third consecutive day and has witnessed strong buying momentum lately. The stock has crossed above its 20-DMA. To add further, the stock has recorded above-average volume during the period. Considering ongoing bullishness, it is expected to continue the momentum and surge higher the following day.

Tata Consumer Products: The stock has soared over 2.5% today and is one of the top gainers among the Nifty stocks. It has crossed above its 20-DMA and is bullish for the short term. The stock has gained nearly 4% in four trading sessions and has attracted buyers’ interest in recent times. It has recorded good volumes today, indicating higher participation. The stock is expected to be trading higher tomorrow.

Siemens: The stock has outperformed most of its peers and the broader market today. It has soared about 2.5% and is trading at a day’s high. The stock has seen an open=low scenario which indicates higher buying interest in the stock. The volumes have been on the rise, which highlights attraction towards the stock. Traders can expect the stock to go higher tomorrow considering its short term performance.


Also read: Buzzing stock: Mawana Sugar rallied 35.5% in three trading days

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