High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 01:28 pm 35.2k Views

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.

GAIL: The stock has soared over 4% today. Moreover, it has gained strong momentum in the past four days and has surged over 22% during this period. This price action is accompanied by high volumes, which indicates larger participation interest. The stock is already trading at a day’s high and is expected to continue the bullish momentum tomorrow as well.

Shipping Corporation of India: The stock has skyrocketed over 12% on Thursday. With this, it has surged above its 20-DMA with heavier volume. The volume has been recorded as 11 times the previous day’s volume, which demonstrates strong trading. The stock shows no signs of halting and is expected to open gap-up tomorrow.

ITC: ITC has soared about 2% in Thursday’s trading session. The stock has surged above its 200-DMA with good volume. In the last five trading sessions, the stock has gained over 6% and thus displays strong bullish momentum. The stock is trading at a day’s high and we can expect the stock to continue the upside momentum tomorrow as well.


Also read: Closing Bell: Sensex, Nifty end lower in a volatile trading session

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