High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow! 

by 5paisa Research Team Last Updated: Dec 14, 2022 - 12:36 am 36.4k Views
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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.

Idea: The stock of Idea has soared over massive 7% today. It was seen consolidating in a tight range for the past few range and hovering around 200-DMA. A strong bounce back from the key indicator has seen the stock cross over its upper range. It was supported by above-average volume which is greater than 10-day and 30-day average volume. With such strong price action, the stock is expected to continue the momentum on the higher side tomorrow.  

KNR Constructions: The stock has gained over 1.5% and is already trading at day’s high. It has witnessed huge buying interest at lower levels from which the stock has bounced back sharply. It has taken out it prior high with rising volumes. The stock looks bullish as per the technical chart and is expected be trading higher next day. 

ABB: The stock has gained over 1% today. It has formed a strong base near Rs 2000 and has seen huge buying momentum. The stock has taken out its priori day’s high and is trading above it. In the past few days, the stock has recorded above average volume. With increase in price and volume, the stock is expected to open gap-up next day

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