High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-02-28T17:09:10+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

PVR: The stock has surged over 1.58% on Monday. It is displaying bullish momentum and has gained over 8% in the last two trading sessions. On the technical chart, the stock has formed a strong bullish candle and has soared above its 20-DMA. Such price action is accompanied by above-average volumes. With the stock trading nearly at day’s high, it is expected to continue the bullish momentum tomorrow.

CAMS: The stock has soared over 5% today and is trading at a day’s high. It witnessed strong buying interest at lower levels. The stock has formed a bullish candle with a long body, which demonstrates the strong momentum of the stock. Moreover, the 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.

GAEL: The stock has jumped nearly 4% today. It has taken out its prior swing high and trades at day’s high. Since two trading sessions, the stock has been forming strong bullish candles, which justifies its momentum. With today’s price action, the stock has surged above its 20-DMA. Moreover, it has recorded twice the previous day’s volume, indicating increased participation. Thus, the stock is likely to perform better in the upcoming trading session.

 

Also read: Stock at 52-week high: Shankara Building Products


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