High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Mar 11, 2022, 02:53 PM IST

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.

Maithan Alloys: The stock has skyrocketed over 11% in Friday’s trading session. The stock has hit an all-time high today and continues to trade at day’s high. The stock was seen consolidating since past few days and has broken out from its narrow trading range today with huge volume. Today’s volume is recorded above average and is greater than 10-day, 30-day, and 50-day average volume. With such strong price action, the stock expected to open gap-up tomorrow.

JSW Steel: The stock has soared over 2.5% today. It is in strong upside momentum lately and has gained over 8% in just three trading sessions. With this, the stock has taken out its prior swing high of Rs 662.50. The stock is already trading at a day’s high and is expected to continue the bullish trend tomorrow as well.

Laurus Labs: The stock has surged nearly 5% on Friday. It has crossed above its 200-DMA with huge volume. It is under strong momentum lately and has gained over 11% since its prior swing low in just four trading sessions. Moreover, it has broken out from its short term resistance of Rs 570. The stock is trading at a day’s high and is expected to open gap-up tomorrow.

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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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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