High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-10T15:13:05+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.

Radico Khaitan: The stock has soared over 11% today and has given a breakout from its short term resistance at Rs 13500. The volume recorded today is more than 10-day, 30-day and 50-day average volume. The stock is trading at a day’s high, and it is expected that the stock shall open gap-up tomorrow.

Bharat Rasayan: The stock has skyrocketed over 7% on Thursday. With this, it has surged above its 20-DMA with heavier volume. The volume has been recorded as twice the previous day’s volume, which demonstrates strong trading. The stock shows no signs of halting and is expected to open gap-up tomorrow.

ONGC: The stock opened with a huge gap-down, but soon recovered most of its losses. It is trading flat but however gained about 6% from its intraday low. Moreover, the stock has recorded more than a 10-day average volume and indicates higher trading activity. The stock is already trading at a day’s high and is expected to continue the bullish momentum tomorrow as well.

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