High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-11T21:34:25+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.

Delta Corp: The stock has surged over 4% on Wednesday. It is displaying bullish momentum and has gained over 7% in the last two trading session. On the technical chart, the stock has formed a Strong bullish candle. Such price action is accompanied by rising volumes, and highlights increasing buying interest in the stock. With the stock trading at day’s high, it is expected to continue the bullish momentum tomorrow.

Kotak Bank: The stock has soared over 3% today and is one of the top gainers among the Nifty stocks. It has crossed above its 20-DMA and 200-DMA with heavier volumes. The stock has been forming bullish candle from the past many days. Above average volume has been recorded lately which justifies the buying interest among the market participants. Considering ongoing momentum, the stock is expected to open gap-up tomorrow.

Oberoi Realty: The stock has jumped nearly 5% today. On the daily timeframe, the stock has formed a bullish candle with long body, demonstrating larger buying in the stock. It has crossed above the prior swing high and technical indicators point towards bullishness. Volumes have been rising since past four days along with increase in price. Thus, the stock is likely to perform better in upcoming trading session.


Also read: 5 BTST/STBT Stocks: BTST/STBT Stock list for today February 23

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