High momentum stocks to watch for tomorrow!

resr 5paisa Research Team

Last Updated: 15th December 2022 - 11:48 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.

Cholamandalam Investment & Finance Company: Despite the bad market, the stock has surged about 3.5% and has hit a fresh all-time high. The stock has bounced back sharply from its 20-DMA and is trading at a day’s high. The volume recorded today has been huge and thrice the previous day’s volume. With such positivity, the stock is expected to continue its bullish move tomorrow.

HDFC: The stock opened with a gap-down but soon witnessed a strong buying towards the end. It is up nearly 1% and is trading at a day’s high. On the technical chart, the stock has formed a strong bullish candle. Volume recorded today is greater than 10-day and 30-day average volume which highlights larger participation. With good bullishness, the stock is likely to be trading higher the next day.

Infosys: The stock is up nearly a percent and has found a strong support level at 1700 and has gained momentum lately. Rising volumes have been noticed in the past few days, which demonstrates active participation in the stock. The stock is technically strong and expected to open gap-up the next day.

 

Also read: 5 BTST Stocks: BTST Stock list for today February 22

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