High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 15, 2022 - 05:09 pm 35k 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.

Gujarat Gas: The stock has surged over 1.7% on Friday. It has witnessed a sharp recovery from lower levels and is currently trading at a day’s high. Strong buying interest was seen as the stock shot up nearly 8% from its intraday low. Along with this, it has recorded huge volume which demonstrates strong trading activity. Thus, the stock is expected to continue the bullish momentum this week. 

ECLERX: The stock has soared over 3% today and has crossed above its short term resistance. It found good support at 200-DMA and has seen good buying interest. Moreover, it has registered above-average volume, which indicates larger participation. With the stock trading its 20-DMA, it might soon witness a stellar rally next week. 

Sun Pharma: The stock has jumped over 2% today. On the daily timeframe, it has formed a bullish engulfing candle, which is a sign of bullish reversal. With this strong price action, more than a 10-day average volume has been recorded by the stock. Thus, it is likely to perform better in upcoming trading session.

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