High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-08T15:34:24+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.

Lemon Tree Hotels: The stock has skyrocketed over 7% today. With this, the stock has broken out from its short term resistance level of Rs 55. It is having extremely high momentum and has surged over 25% since its recent low. Moreover, it has recorded above average volumes lately. The stock is already trading at a day’s high and is expected to continue the bullish momentum tomorrow as well.

Intellect: The stock has soared over 4% on Tuesday. It has gained points for fourth straight day and is over 8% up in two trading sessions. The stock has recorded above average volume which is greater than 10-day and 30-day average volume. The stock shows no signs of halting and is expected to open gap-up tomorrow.

KRBL: KRBL has surged over 7% in Tuesday’s trading session. The stock has surged above its 20-day short-term moving average. After few days of consolidation, the stock has broken out from its narrow range and has gained momentum. The stock is trading at a day’s high and we can expect the stock to continue the upside momentum tomorrow as well.


Check out: 5 BTST Stocks: BTST Stock list for today March 08

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