High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Jan 07, 2022, 02:48 PM IST

Looking for stocks that could deliver good returns till tomorrow? Here are the High Momentum stocks that one must watch out 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.

Aarti Industries: The stock has surged over 3% despite volatility in the market. It formed a double bottom-like pattern at the level of Rs 900. From there, the stock has rallied about 14% in short period of time. The stock has continued the momentum today and is already trading near day’s high. The recent price actions have been accompanied by rising volumes which validate the trend strength of the stock. Thus, with such great performance, it is expected that the stock will continue the same momentum next day.

Heidelberg Cement: The stock has formed a strong bullish candle on the chart as it surged over 4%. With this price action, the stock has crossed above its 50-DMA. It had formed a base near 215-level from where it launched off. The volume recorded today is greater than 10-day and 30-day average volume.  The RSI has entered bullish territory and the stock is all set to soar high in upcoming day.   

Jamna Auto Industries: The stock was seen consolidating since past few days and has broken out from its range on Friday. Moreover, the stock currently trades above all the key moving averages. The stock has surged over 4% and with this, the stock is ready to test its all-time high levels soon. Huge volume has been recorded along with the breakout. The stock is expected to continue the momentum and has a higher chance of an opening gap-up next week.

SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
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60.15 (0.38%)
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33,597.60
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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